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Oil up 5% amid drop in US dollar

The price of oil rose by as much as 5% today after investors took advantage of a drop in the US dollar and of earlier weakness in the crude price, despite weekly data showing a surprisingly large rise in US inventory.
Business • 03 Feb 16

Brent hits 11-year low as oil extends slide

Brent crude prices hit their lowest in over 11 years today, hounded by a relentless rise in global supply that looks set to outpace demand again next year.
Business • 21 Dec 15

Oil at seven year low, but few expect freefall

Oil traders are preparing for crude prices to fall further in the coming months, but few expect Goldman Sachs' worst-case scenario of a drop to $20 a barrel to happen any time soon.
Business • 08 Dec 15

Oil prices mixed as supply worries return

Oil prices diverged in Asian trade today as a report showing increased production by the OPEC cartel bolstered expectations a supply glut will persist well into next year.
Business • 15 Oct 15

Oil market slides before weekend break

World oil prices dropped today as investors locked in profits following a six-day rally, with a rise in OPEC's output in March also adding to downward pressure.
Business • 17 Apr 15

Brent slides to 17-month low under $99

Brent oil prices slumped to a 17-month low as traders fretted over a global supply glut ahead of the latest US crude inventories report.
Business • 10 Sep 14

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