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Daily: Brent declines below $97ahead of OPEC meeting
Brent crude declined below $97 on Wednesday, ahead of a meeting of producer group OPEC this week and on EU worries about the ability to tackle its debt crisis which sparked fears of a downturn in oil demand growth.
read more... 13/06/2012
Oil down as Al-Naimi says OPEC may need higher output quota
Oil plunged for the fourth day in a row after Saudi Arabian Oil Minister Ali al-Naimi announced OPEC may need to increase its production quota and on the news that U.S. would issue more exemptions from sanctions for importers of Iranian oil.
read more... 12/06/2012
Daily – oil prices mixed on disappointing Chinese data and rising OPEC production
U.S. crude oil futures rose on Thursday, snapping a string of six lower settlements, as supportive labor and trade data from the United States and lower dollar countered disappointing Chinese trade data and growing OPEC output.
read more... 11/05/2012
Daily – U.S. and Brent crude extend slide to more than 4 dollars
Crude oil futures decreased over 4 dollars on Friday as low U.S. jobs data renewed worries about slowing economies, weighing on oil prices already pressured by rising U.S. inventories and increased production from OPEC.
read more... 07/05/2012
Daily – oil prices decline on lower economic growth
Crude oil futures decreased on Thursday and dropped below the 100-day moving average for the first time since January as signals of lower economic growth and rising OPEC output have driven oil prices down.
read more... 04/05/2012