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2014-10-16 21:30:00

OIL PRICES: ABOVE $80/BBL.

OIL PRICES: ABOVE $80/BBL.

Some of the world's biggest banks say the collapse in oil is just about over.

Bank of America Corp. and BNP Paribas SA predict prices will hold above $80 a barrel. Commerzbank AG also sees that level as a possible low for Brent crude. They're in part counting on OPEC cutting output -- some say as soon as next month -- to compensate for recent declines in demand.

North Sea Brent, the benchmark for more than half the world's oil, has slid by more than $30 a barrel from its June high to below $83 a barrel today amid a supply glut and slower global growth. Ministers from the 12-member Organization of Petroleum Exporting…

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Tags: OIL, BARREL, PRICE, BRENT, OPEC, U.S., RUSSIA, CANADA
Chronicle:
OIL PRICES: ABOVE $80/BBL.
2019, August, 19, 11:20:00
CHINA'S GREEN INVESTMENT $1 BLN
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OIL PRICES: ABOVE $80/BBL.
2019, August, 19, 11:15:00
U.S. RIGS UP 1 TO 935
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2019, August, 16, 10:50:00
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OIL PRICES: ABOVE $80/BBL.
2019, August, 16, 10:35:00
U.S., RUSSIA SANCTIONS AGAIN
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OIL PRICES: ABOVE $80/BBL.
2019, August, 16, 10:30:00
ZOHR GAS OUTPUT UP TO 11.3 BCM
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OIL PRICES: ABOVE $80/BBL.
2019, August, 16, 10:25:00
U.S. GAS PRODUCTION UP
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OIL PRICES: ABOVE $80/BBL.
2019, August, 16, 10:20:00
U.S. OIL INVENTORIES 440.5 BBL
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