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2019-04-15 12:20:00

OIL PRICE: ABOVE $71

OIL PRICE: ABOVE $71

REUTERS - Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.

Brent crude oil futures were at $71.44 a barrel at 0629 GMT, down 11 cents, or 0.2 percent, from their last close, having hit their highest since Nov. 12 on Friday at $71.87.

U.S. West Texas Intermediate (WTI) crude futures were at $63.63 per barrel, down 26 cents, or 0.4 percent, from their last…

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Earlier:

OIL PRICE: ABOVE $71
2019, April, 12, 12:00:00
OIL PRICE: NEAR $71
Oil prices edged up on Friday, lifted by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela.
OIL PRICE: ABOVE $71
2019, April, 10, 11:40:00
OIL PRICE: ABOVE $70 ANEW
Oil prices edged back towards five-month highs on Wednesday, supported by ongoing supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela.
OIL PRICE: ABOVE $71
2019, April, 8, 12:10:00
OIL PRICE: ABOVE $70
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well as strong U.S. jobs data.
OIL PRICE: ABOVE $71
2019, April, 5, 10:55:00
OIL PRICE: NEAR $70 YET
Oil prices fell on Friday, with Brent slipping away from the $70 mark reached the previous day, pulled down by worries about progress in the U.S.-China trade talks.
OIL PRICE: ABOVE $71
2019, April, 3, 11:30:00
OIL PRICE: NEAR $70
Oil prices rose for a fourth day on Wednesday, pushing Brent towards $70 a barrel as support from OPEC-led supply cuts and U.S. sanctions overshadowed a report showing an unexpected rise in U.S. inventories.
OIL PRICE: ABOVE $71
2019, April, 1, 11:40:00
OIL PRICE: ABOVE $68
Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.
OIL PRICE: ABOVE $71
2019, March, 29, 11:45:00
OIL PRICE: NEAR $68
Oil prices rose on Friday on the back of ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: ABOVE $71
2019, October, 16, 12:35:00
ADNOC, LUKOIL COOPERATION
The Abu Dhabi Government and the Abu Dhabi National Oil Company, ADNOC, have awarded to a subsidiary of the Russian listed PJSC Lukoil Oil Company, LUKOIL, a five percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma and other offshore sour gas fields in the Emirate of Abu Dhabi. At the same time, ADNOC, LUKOIL, and the Management Company of Russian Direct Investment Fund, RDIF, signed a framework agreement to explore potential future cooperation in relation to the Ghasha concession.
OIL PRICE: ABOVE $71
2019, October, 16, 12:30:00
U.S. PRODUCTION: OIL + 58 TBD, GAS + 319 MCFD
Crude oil production from the major US onshore regions is forecast to increase 58,000 b/d month-over-month in October from 8,913 to 8,971 thousand barrels/day, gas production to increase 319 million cubic feet/day from 83,693 to 84,012 million cubic feet/day .
OIL PRICE: ABOVE $71
2019, October, 16, 12:20:00
U.S. OIL FOR S.KOREA DOUBLED
South Korea's crude oil imports from the US in September more than doubled from a year earlier, while intakes of Saudi crude dropped 17.6% year on year due to the September 14 attacks on Saudi's major oil facilities,
OIL PRICE: ABOVE $71
2019, October, 16, 12:15:00
NORWAY'S SEPTEMBER PRODUCTION 1.574 MBD
Norway's preliminary production figures for September 2019 show an average daily production of 1 574 000 barrels of oil, NGL and condensate, which is a decrease of 86 000 barrels per day compared to August.
OIL PRICE: ABOVE $71
2019, October, 16, 12:10:00
IMF: THE GLOBAL ECONOMY SLOWDOWN
Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.
OIL PRICE: ABOVE $71
2019, October, 16, 12:05:00
HUNGARY'S GROWTH ABOVE 4%
Hungary's economy is expected to finish 2019 on a strong footing, growing well above 4 percent.
OIL PRICE: ABOVE $71
2019, October, 16, 12:00:00
SERBIA'S GDP UP 4%
Hungary's economy is expected to finish 2019 on a strong footing, growing well above 4 percent.
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