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Oil prices jumped US$1 as recent sharp falls draw investors

SINGAPORE: Oil prices rose more than US$1 today as the recent sharp falls due to the coronavirus pandemic encouraged bargain hunters to come forward, although the market remains volatile as the spread of the infection disrupts economies and hurts demand.

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Saudi Arabia, Russia raise stakes in oil production standoff

DUBAI/MOSCOW: Saudi Arabia said yesterday it would boost its oil supplies to a record high in April, raising the stakes in a standoff with Russia and effectively rebuffing Moscow’s suggestion for new talks. The clash of oil titans Saudi Arabia

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Analysts: Malaysia will benefit from oil price rise

KUALA LUMPUR:  Malaysia is one of the few Asian countries that will benefit from the spike in oil prices in the aftermath of the attack on Saudi Arabia’s petroleum facilities that knocked out more than five percent of global supply

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Saudi Aramco attacks: What we know so far

WASHINGTON: An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said yesterday, as President Donald Trump said the US was “locked and loaded”

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Oil prices slip after surprise build in US inventories

TOKYO: Oil prices fell today, giving up some of the strong gains of the previous session, after an industry report showed US crude stockpiles rose last week, against analyst expectations of a decline. Brent crude was down 18 cents, or

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Oil prices dip due to trade war

TOKYO: Oil prices fell today, declining for a second day as more signs emerged of the toll from the US-China trade war, with South Korea revising down second-quarter growth due to lower exports. U.S. crude CLc1 was down 32 cents,

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Oil prices dip due to trade tensions

TOKYO: Crude oil prices fell on Tuesday amid worries over the outlook for demand after the latest signs that international trade disputes have been dragging on the global economy, although tensions in the Middle East offered some support to prices.

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Crude oil prices dip over growth fears

SYDNEY: Crude oil prices fell today, pressured by concerns over the outlook for global economic growth. US West Texas Intermediate (WTI) crude futures CLc1 were down 1.1% at US$56.71 per barrel by 0042 GMT. Front-month Brent crude futures LCOc1 were

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Malaysia supports OPEC’s deal to reduce oil production

KUALA LUMPUR: Malaysia supports the proposal for the Declaration of Cooperation (DoC) to be extended by nine months to March 31, 2020, at the current agreed production levels to ensure the smooth continuation of the current cooperation. Economic Affairs Minister

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Oil prices soar on Saudi, Russia support for supply cuts

SINGAPORE: Oil prices rose more than US$1 a barrel today after Saudi Arabia, Russia, Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting this week. Front-month Brent crude futures for September

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