Oil prices fall 1% as supply strains storage

Oil prices fall 1% as supply strains storage Oil prices fall on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China’s imports. Futures held their losses after the dollar index spiked following abetter-than-expected U.S. jobs report that showed the country
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Oil prices give up early gains as oversupply weighs Oil prices slipped after gains made earlier on Thursday and the previous day as overproduction and large volumes of unsold crude and ample refined products around the world weighed on markets. Brent crude futures were trading at $42.72 a barrel at 1203 GMT, down 38 cents
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Beware oil inventory data, experts warn it’s misleading markets Oil prices remained subdued on Wednesday oil inventory data Oil markets are once again in the doldrums amid fears of a persistent oversupply and concerns over the slow drawdown in U.S. inventories, but oil experts say those concerns are overdone. “We are at the start of
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US stocks slip as falling oil prices punish energy companies US stocks wobbled and finished mostly lower Monday as the price of oil continued to nosedive thanks to the strong dollar. Energy companies took the biggest losses as U.S. crude hovered around $40 US a barrel, its lowest price in almost four months, and materials
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WTI Crude Oil dips under $40 – USDCAD hardly rises USDCAD hardly rises The Canadian dollar is losing ground, but showing a lot of resilience. USDCAD cannot rise too much due to weak US indicators. USDCAD is trading around 1.31. It is a rise of 60 pips that certainly fails to reflect the magnitude in the
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