Market Comments
Brent slips below $108 on euro zone worries, dollar
Brent crude oil slipped below $108 a barrel on Monday as investors worried a European deal on closer fiscal union would not solve its debt crisis and might deepen a regional slowdown.
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Oil rises above $109, Iran in focus
Oil rose above $109 a barrel on Friday as rising tension over major oil exporter Iran and a report showing the U.S. economy created more jobs countered concern about the euro zone debt crisis.
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Oil price above $100 on international banking plan
The price of oil on Wednesday finished trading above $100 for the first time in two weeks, as the U.S. and other countries made it easier for banks to lend money and keep the global economy growing.
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Oil above $98 ahead of US crude supply data
Oil prices rose to near $98 a barrel Tuesday as traders looked to the latest U.S. crude supply reports for signs demand may be improving.
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Oil prices fall on fears of slow economic growth
Oil prices fell Monday on fears that the world economy will weaken and push down demand for crude.
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Oil below $97 on fears about EU debts, US deficit
Oil prices fell below $97 a barrel Monday, echoing a decline in global equities on persistent concerns about the European debt crisis and floundering efforts to cut the U.S. deficit.
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Oil tumbles $2 on Eurozone woes
Oil prices tumbled more than $2 a barrel on Thursday as the European debt crisis threatened to hit France and Spain, while Italy's borrowing costs remained at unsustainable levels.
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U.S. oil leaps above $100 on Seaway reversal plan
U.S. and Brent crude futures headed in opposite directions on Wednesday, jostled by a plan to reverse the Seaway pipeline by next year to help ease an oil glut at the Cushing, Oklahoma, delivery hub.
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Oil hits $100, first time since July
Oil prices have hit $100 per barrel for the first time in nearly four months.
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Oil up on economic data despite EU contagion worry
Oil prices rose Tuesday on supportive data that pointed to continued economic growth in the fourth quarter, sending U.S. crude to a 16-week peak and offsetting concerns that the euro zone debt crisis will keep spreading.
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Brent crude oil rises above $112 but wary of Euro crisis
Brent crude rose above $112 per barrel on Tuesday after solid German and French growth data but worries over the outlook for euro zone deepened as debt yields rose and austerity measures threatened to tip the bloc into recession.
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