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Oil prices down as supply glut, trade war concerns weigh on markets

Oil prices dipped on Tuesday, easing after strong gains in the previous session when hopes that trade disputes between the United States and China could be resolved buoyed global markets. 104 more words

Tokyo drives Asia stocks higher in light holiday trade


© AFP/File | Japanese stocks led the way but trading volumes were light on Easter holiday

HONG KONG (AFP) – Tokyo stocks led Asian markets higher on Monday, shrugging off disappointing business confidence data to climb slightly higher in thin holiday trade.With no direction from Europe or Wall Street — both closed for Easter holidays at the end of last week — Japan’s benchmark Nikkei 225 index opened in slight negative territory but soon moved into the green. 349 more words

Oil prices set for weekly drop as concerns about rising supply weigh


  • Oil prices were set to fall this week, with both benchmarks dropping slightly on Friday.
  • Investors were concerned rising supply from the U.S. and other nations threatened to undermine efforts by OPEC and other producers to tighten the market.
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Oil prices fall on relentless rise in US crude output


  • U.S. crude oil production soared past 10 million barrels per day (bpd) in late 2017, overtaking output by top exporter Saudi Arabia.
  • U.S. production is expected to rise above 11 million bpd by late 2018, taking the top spot from Russia, according to the International Energy Agency.
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Oil falls as stronger dollar eclipses US inventory drop


  • Stronger dollar makes oil costlier for some buyers
  • API report showed lower U.S. crude inventories


Oil pumpjacks in silhouette at sunset.

Oil prices fell on Thursday, dragged lower by a firmer dollar that offset support from a surprise decline in U.S. 365 more words

Oil falls as dollar rises, US inventories expected to rise


  • Dollar steadies against other leading currencies
  • Ongoing OPEC-led output cuts provide some support
  • Brent, WTI move in sync


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An oil pump jack in the oil town of Gonzales, Texas. 445 more words

Oil prices fall on strong dollar, Brent near one-month low


  • Oil prices on Monday fell on the back of a stronger dollar.
  • The dollar index rose on the back of a better-than-expected U.S. payrolls report.
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