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2019-08-07 12:25:00

OIL PRICE: BELOW $59

OIL PRICE: BELOW $59

REUTERS - Oil prices slipped further on Wednesday, extending recent heavy losses as deepening Sino-U.S. trade tensions weighed on the outlook for the global economy and energy demand.

Brent crude futures LCOc1 were down 11 cents, or nearly 2%, at 0823 GMT to set a fresh seven-month low. Prices have lost more than 20% since hitting their 2019 peak in April.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were flat at $53.63.

Brent prices have plunged more than 9% over the…

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Earlier:

OIL PRICE: BELOW $59
2019, August, 6, 12:45:00
OIL PRICE: NEAR $60
International benchmark Brent futures LCOc1 were up 28 cents at $60.09 a barrel by 0910 GMT, having dipped earlier in the session to their lowest since Jan. 14 at $59.07. West Texas Intermediate crude CLc1 futures rose 38 cents to $55.07 per barrel.
OIL PRICE: BELOW $59
2019, August, 5, 13:45:00
OIL PRICE: NEAR $61
Brent crude futures LCOc1 were down 71 cents, or 1.15%, to $61.18 per barrel by 0840 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 were also down 71 cents, or 1.28%, to $54.95 a barrel.
OIL PRICE: BELOW $59
2019, August, 2, 12:05:00
OIL PRICE: BELOW $62
Brent futures rose $1.21, or 2%, to $61.71 a barrel by 0657 GMT, while WTI futures gained 87 cents, or 1.6%, to $54.82 a barrel.
OIL PRICE: BELOW $59
2019, August, 1, 12:15:00
OIL PRICE: BELOW $65
Brent crude futures, LCOc1 the international benchmark, fell 68 cents, or 1%, to $64.37 a barrel by 0709 GMT, having fallen more than $1 earlier in the session. U.S. West Texas Intermediate (WTI) CLc1 crude was down 72 cents, or 1.2%, at $57.86 a barrel, also having dropped more than a $1 earlier.
OIL PRICE: BELOW $59
2019, July, 31, 14:00:00
OIL PRICE: NEAR $65
Brent crude futures LCOc1, the international benchmark for oil prices, were up 40 cents, or 0.6%, at $65.12 a barrel by 0842 GMT. U.S. West Texas Intermediate crude CLc1 gained 20 cents, or 0.3%, to $58.25 a barrel.
OIL PRICE: BELOW $59
2019, July, 30, 12:25:00
OIL PRICE: NEAR $64 ANEW
Brent crude LCOc1 rose 46 cents, or 0.7%, to $64.17 a barrel by 0651 GMT, after gaining 0.4% the previous session. U.S. crude CLc1 was up 41 cents or 0.7%, at $57.28 a barrel, having risen 1.2% on Monday.
OIL PRICE: BELOW $59
2019, July, 25, 20:35:00
OIL PRICE: ABOVE $63 ANEW
Brent crude futures LCOc1 were up 74 cents, or 1.2%, at $63.92 a barrel by 10:59 a.m. (1459 GMT), after hitting a session high of $64.23. U.S. West Texas Intermediate crude CLc1 was up 67 cents, or 1.2%, at $56.55 a barrel, after hitting a session high of $56.99.
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Tags: OIL, PRICE, BRENT, WTI
Chronicle:
OIL PRICE: BELOW $59
2019, December, 4, 12:20:00
RUSSIA'S NUCLEAR FOR AFRICA
“Rosatom [the Russian nuclear company] is prepared to help our African partners in creating a nuclear industry,” Putin said, with “the construction of research centers based on multifunctional reactors.”
OIL PRICE: BELOW $59
2019, December, 4, 12:15:00
U.S. SHALE OVER
They believe relentless US oil production growth will slow rapidly next year.
OIL PRICE: BELOW $59
2019, December, 4, 12:10:00
U.S. COAL EXPORTS DOWN
In the first nine months of 2019, US thermal exports were more than 10 million mt below the year-ago period's total, and vessel tracking data show October exports are expected to come in close to September levels.
OIL PRICE: BELOW $59
2019, December, 4, 12:05:00
CLEAN NUCLEAR POWER
Nuclear power provides about 10% of the world’s electricity and contributes one third of all low-carbon electricity.
OIL PRICE: BELOW $59
2019, December, 4, 12:00:00
JAPAN'S INVESTMENT $230 BLN
The package would come to around 13 trillion yen ($120 billion), but that would rise to 25 trillion yen ($230 billion) when private-sector and other spending are included.
OIL PRICE: BELOW $59
2019, December, 4, 11:55:00
SAUDI ECONOMY UP
The Saudi economy recorded its biggest increase in new work in more than four years in November according to a report from IHS Markit.
OIL PRICE: BELOW $59
2019, December, 4, 11:50:00
SAUDI ARAMCO IPO $44.3 BLN
In total, the Saudi government plans to sell 0.5% of Aramco to individual investors and the remainder to domestic institutions and international firms registered in the kingdom, known as qualified foreign investors.
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