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Oil price news: Oil slips after hitting two-month high as technicals stall rally
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Jun 2, 2024 · (Bloomberg) -- Oil tumbled after OPEC+ unexpectedly rolled out a plan to restore some production to the market this year, adding to the bearish momentum crude has been experiencing for months.
Apr 2, 2024 · (Bloomberg) -- Oil edged higher, extending a rally that has brought prices to a five-month high, after OPEC+ ministers affirmed current supply cuts. Brent rose to within one cent of the $90-a-barrel psychological level on Wednesday after OPEC and its allies didn’t recommend any changes to their existing output cuts at an online ministerial ...
Apr 25, 2024 · Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks. West Texas Intermediate edged higher to settle just below $84 a...
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Apr 8, 2015 · Oil Prices. Oil is so much more than a fuel. It’s a force even bigger than its trillion-dollar market. It’s a weapon, a strategic asset, a curse. It’s a maker and spoiler of fortunes, a ...