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Oil prices steady before US data LONDON: Oil prices steadied on Wednesday following a surge the day before, as traders awaited energy inventory data from the United States for demand clues regarding the world's biggest crude consumer.New York's main contract West Texas Intermediate (WTI) for delivery in May fell 16 cents to $102.40 a barrel ahead of the stockpiles figures due 1430 GMT.Brent North Sea crude for May edged up five cents to stand at $107.72.Analysts expect the US government inventories report to show that crude oil stockpiles rose by one million barrels, on average, in the week ended April 4, according to a Wall Street Journal survey. Traders were expected to focus also on the release of minutes from the first US Federal Reserve policy-meeting with new chairman Janet Yellen at the helm for further clues on the US economy. Oil prices had meanwhile surged on Tuesday, with WTI jumping $2.12 to the highest level ...
Oil market rises on resurgent Ukraine tensions LONDON: Global oil prices advanced on Tuesday on renewed Ukraine tensions after pro-Russian protesters seized government buildings in the eastern city of Donetsk.New York's West Texas Intermediate (WTI) for delivery in May won 77 cents to $101.21 per barrel. Brent North Sea crude for May gained 50 cents to $106.32 a barrel in late morning trade in London.NATO's chief on Tuesday warned Russia against further intervention in Ukraine, urging Moscow to "step back" after pro-Kremlin ...
Oil slips below $106 as Libya deal eases supply worries LONDON: Brent crude oil fell below $106 a barrel on Monday, snapping a two-day rise, after Libyan rebels occupying four eastern oil ports agreed to end an eight-month blockade, raising the prospect of increased supply to world markets.The end to the port standoff is removing some supply worries that have helped push prices as high as $112 for the year.Brent crude fell $1.47 to a low of $105.25 a barrel before recovering to around $105.90 ...
Brent oil rises above $106 on renewed Ukraine tension LONDON: Brent crude rose above $106 a barrel on Tuesday as fresh unrest in eastern Ukraine heightened tension between Russia and the West, but hopes Libya would soon resume oil exports kept prices capped. The gains came amid a broad retreat in global equity markets recently and a weakening of the dollar, with investors turning to oil for exposure to global economic growth. Brent crude for May delivery was up 63 cents at $106.45 a ...
Plans for EU gas flows to Ukraine could be blocked by Russia LONDON: Reverse flows of natural gas from Europe to Ukraine to help it handle Russian price increases and supply cuts would be possible within hours once the infrastructure is in place, but the flows could require approval from Russia's Gazprom first.Ukraine is in emergency talks with the EU on importing gas from the West, pumping gas in the opposite direction to the original design of the pipelines, following a leap in the price Gazprom charges ...


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