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TOKYO: Oil prices were steady on Monday with investors and traders awaiting crucial talks by OPEC+ following disagreement over output within the group that could lead to major producers pumping up volumes to grab market share.
NEW YORK: Oil prices steadied on Friday after OPEC+ ministers resumed talks on raising oil output the day after the United Arab Emirates blocked a deal, which could delay plans to pump more oil through the end of the year.
Oil prices edged lower on Friday after OPEC+ ministers delayed their output policy meeting, with sources saying the United Arab Emirates had balked at plans to return 2 million barrels per day (bpd) to the market in the second half of the year.
NEW YORK: Oil prices climbed to their highest since October 2018 on Friday, putting both benchmarks up for a fifth week in a row on expectations demand growth will outstrip supply and OPEC+ will be cautious in returning more crude to the market from August.
TOKYO: Crude oil prices rose on Tuesday, with Brent hitting $75 a barrel for the first time since April 2019, as investors remained bullish about a quick recovery in global oil demand and as concerns eased over an early return of Iranian crude.
DUBAI (Reuters) -A hardline victory in Iran's presidential election has tilted the domestic balance of power towards the country's anti-Western clergy and away from officials chosen by popular vote, a shift Tehran may one day seek to make permanent, six analysts who follow the Islamic Republic's politics say.
LONDON (Reuters) - The price gap between the world's two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil output is still in the COVID-19 doldrums with the market likely to remain undersupplied.
SINGAPORE: Oil prices rose on Monday, underpinned by strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could indicate a delay in resumption of supplies from the OPEC producer.
DUBAI (Reuters) -Ebrahim Raisi, a hardline judge under U.S. sanctions for human rights abuses, secured a landslide victory on Saturday in Iran's presidential election after a contest marked by voter apathy over economic hardships and political restrictions.
WASHINGTON/LONDON Wall Street was broadly under pressure on Thursday and European shares fell for the first time in two weeks on hawkish signals from the U.S. Federal Reserve, even as U.S. technology stocks notched gains.