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Iran and China to keep oil prices high

Crude oil market went across difficult times when markets clashed with several supply issues in Iran and increasing demand coming from Asia and China. These movements could help increase oil prices along with a weaker U.S. dollar that could add a final drop to push U.S. prices to 118 dollars a barrel by the fourth quarter of 2012. West Texas Intermediate contracts for March delivery, currently trading at 103.52 dollars a barrel, have gained on eight of the last ten trading days while Brent, the international benchmark, recorded six positive sessions over the same time frame and was at 119.62 dollars as of 4:20PM in New York on Friday.

read more... 21/02/2012

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Daily: British spot gas prices declining on a milder weather

Oil prices were steady on Tuesday as the German ZEW survey, which measures analyst and investor sentiment, showed a better-than-expected German economic data and a successful Italian bond auction eased concerns about European demand, while fears about supply disruption due to Middle East tensions continued to support the market.

read more... 14/02/2012

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IEA slashes oil demand forecast for 2012

World oil demand will increase in 2012 despite a weak economic environment, according to a new report released by the International Energy Agency (IEA), with a stronger oil demand in emerging countries and declining demand in developed countries.

read more... 14/02/2012

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Daily- German and French power down on milder weather

Crude oil prices rebounded towards six-month highs on Monday backed by a weaker dollar and expectations of a revival in demand growth, after Greece approved an austerity bill to secure a second bailout.

read more... 13/02/2012

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Daily- Crude oil futures falling, snapping up an eight-day rally

Crude oil futures fell on Friday, halting an eight-day hike, as the IEA cut its oil growth demand forecast for the six consecutive month due to a weak world economy, the fall being limited by strong Chinese oil demand and political tensions over Iran.

read more... 10/02/2012

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