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2019-03-22 10:45:00

OIL PRICE: ABOVE $67 ANEW

OIL PRICE: ABOVE $67 ANEW

REUTERS - Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.

Concerns that an economic slowdown might soon impact fuel consumption are preventing crude prices from rising further, analysts said.

Brent crude oil futures were at $67.90 per barrel at 0617 GMT, 4 cents above their last close. Brent hit a four-month high of $68.69 per barrel the day before.

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Earlier:

OIL PRICE: ABOVE $67 ANEW
2019, March, 20, 11:35:00

OIL PRICE: ABOVE $67 AGAIN

Oil prices edged up on Wednesday, supported by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela,

OIL PRICE: ABOVE $67 ANEW
2019, March, 18, 13:30:00

OIL PRICE: NEAR $67 YET

Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela.

OIL PRICE: ABOVE $67 ANEW
2019, March, 13, 11:45:00

OIL PRICE: NEAR $67

Oil prices rose on Wednesday, pushed up by ongoing supply cuts from producer cartel OPEC and U.S. sanctions against Iran and Venezuela.

OIL PRICE: ABOVE $67 ANEW
2019, March, 13, 11:30:00

OIL PRICES 2019-20: $63-$62

Brent crude oil spot prices averaged $64 per barrel (b) in February, up $5/b from January 2019 and about $1/b lower than at the same time last year.

OIL PRICE: ABOVE $67 ANEW
2019, March, 11, 11:55:00

OIL PRICE: NEAR $66 YET

Oil prices edged up on Monday after Saudi oil minister Khalid al-Falih said an end to OPEC-led supply cuts was unlikely before June, while a report showed U.S. drilling activity fell for a third straight week.

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Tags: OIL, PRICE, BRENT, WTI

Chronicle:

OIL PRICE: ABOVE $67 ANEW
2019, April, 19, 09:15:00

S.KOREA RENEWABLE ENERGY

South Korea's economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030.

OIL PRICE: ABOVE $67 ANEW
2019, April, 19, 09:10:00

UAE GDP WILL UP 4.7%

The International Monetary Fund (IMF), has forecast the UAE’s nominal Gross Domestic Product (GDP) to grow 4.7 percent to AED1.673 trillion in 2019, compared to AED1.589 trillion a year ago.

OIL PRICE: ABOVE $67 ANEW
2019, April, 19, 09:05:00

U.S. TRADE DEFICIT $49.4 BLN

the goods and services deficit was $49.4 billion in February, down $1.8 billion from $51.1 billion in January,

OIL PRICE: ABOVE $67 ANEW
2019, April, 19, 09:00:00

U.S. RIGS DOWN 10 TO 1,012

BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.

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