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Oil prices advance on Ukraine, weak dollar LONDON: Global oil prices rallied on Wednesday on Ukraine tensions and the weak dollar, and before weekly crude inventories data in top consumer the United States.New York's main contract, West Texas Intermediate (WTI) for May delivery, hit $104.82 a barrel the highest level since early March. Brent North Sea crude for June rallied to a similar one month peak at $110.20 a barrel.The WTI contract later stood at $104.69, up 94 cents from Tuesday's closing level. Brent meanwhile pulled back to $110.08 in London morning deals, but still 72 cents higher compared with the previous day's finish."Crude oil prices have extended gains for a third consecutive session today, supported by a weaker US dollar and persistent tensions in Ukraine, which have raised concerns over oil supplies in the region," said Sucden brokers analyst Myrto Sokou.In foreign exchange, the dollar fell versus the euro as investors bet against the European Central ...
Oil rises close to $110 on mounting Ukraine tension LONDON: Global oil prices rose close to $110 a barrel on Wednesday due to mounting tensions in Ukraine, but gave up some gains after an unexpectedly large build in crude stocks in the United States, the world's largest consumer of oil.Ukrainian government forces and separatist pro-Russian militia staged rival shows of force in eastern Ukraine amid escalating rhetoric on the eve of crucial four-power talks on the former Soviet state's future.Brent crude for June delivery ...
Oil prices fall as Libya prepares to resume exports LONDON: Oil prices fell on Tuesday as Libya readied to resume its crude exports after months of waiting, although a flare up in Russia-Ukraine tensions kept a lid on losses, traders said. New York's main contract, West Texas Intermediate for May delivery, slipped 33 cents to stand at $103.72 a barrel compared with Monday's closing level.Brent North Sea crude for May was down 22 cents at $108.85 a barrel in late London deals.Crude oil prices ...
Oil prices advance on Ukraine, weak dollar LONDON: Global oil prices rallied on Wednesday on Ukraine tensions and the weak dollar, and before weekly crude inventories data in top consumer the United States.New York's main contract, West Texas Intermediate (WTI) for May delivery, hit $104.82 a barrel -- the highest level since early March. Brent North Sea crude for May rallied to a similar one month peak at $110.20 a barrel.The WTI contract later stood at $104.69, up 94 cents from Tuesday's ...
Total pushes ahead with $16bn Angolan Kaombo oil project PARIS: French oil major Total said on Monday it had decided to invest in Angola's Kaombo oil project after lowering its cost by $4 billion to $16 billion. The ultra-deep offshore field will have a production capacity of 230,000 barrels per day, for a start-up date in 2017, Total said in a statement. Copyright Reuters, 2014 ...

 





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