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  • Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution

    Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution0

    Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal Reserve meeting and an OPEC decision on production. Chinese business activity grew more than expected in January, government data showed, indicating that the country’s economy was clearly on a path

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  • OIL PRICES RISE TO NEAR $90 AS OPEC CUT LOOMS

    OIL PRICES RISE TO NEAR $90 AS OPEC CUT LOOMS0

    Oil Prices Rose Further On Tuesday As Markets Positioned For The Biggest Supply Cut By OPEC Since The 2020 COVID Crisis, With Weakness In The Dollar Also Helping. London-traded Brent oil futures, the global benchmark, rose 0.6% to $89.28 a barrel, while West Texas Intermediate crude futures rose 0.2% to $83.82 a barrel. Both contracts

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  • Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed

    Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed0

    Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its hawkish rhetoric in the coming months, although caution still persisted over a potential economic fallout. Oil markets benefited from weakness in the dollar, after the Fed and other U.S. regulators intervened over

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  • Oil prices rise on supply woes

    Oil prices rise on supply woes0

    Oil prices rose in early Asian trade on Wednesday, paring losses from the previous session, as concern over tight supplies following reports of lower inventories in the United States offset fears of lower demand from top oil importer China Brent crude futures rose 73 cents, or 0.8%, to $90.76 a barrel by 0100 GMT. U.S.

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  • Oil Prices Rise On OPEC+ Hopes, But Set For Steep Weekly Losses0

    Oil prices crept higher on Friday on the prospect of supportive measures by the OPEC+, although fears of an economic slowdown stemming from a banking crisis kept gains limited and put prices on course for their worst week this year. Media reports said that Saudi Arabian and Russian ministers met this week to discuss potential

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  • Oil prices rise as weaker dollar offsets China COVID-19 concerns

    Oil prices rise as weaker dollar offsets China COVID-19 concerns0

    Oil prices rose on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose 73 cents, or 0.8%, to $93.54 a barrel at 0406 GMT. The December

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