U.K. Gross Domestic Product (GDP) YoY WHEN: WHAT IT INFLUENCES: 11 th NOVEMBER 2021 GBP and its subsequent pairs WHAT’S HAPPENING: The Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50...
Brent Oil was trading 0.48% upat $84.03. Oil rose further above $84 a barrel on Friday, within sight of a multi-year high hit this week, as expectations OPEC and its allies will keep supply tight countered rising U.S. inventories and the prospect of more Iranian exports. Algeria said on...
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Brent Oil was trading 0.75% down at  $83.32. Oil prices slumped to their lowest in two weeks after official figures showed a surprise jump in U.S. inventories of crude, and rising cases of COVID-19 in Europe, Russia, and some outbreaks of infections in China dented hopes for an economic recovery....
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Brent Oil was trading 0.65% down at  $85.27. Oil was mixed Thursday morning in Asia, giving up some earlier gains as some investors scooped up profits from a recent rally. However, solid demand in the U.S. and a switch to fuel oil from coal and gas amid a global coal...
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Brent Oil was trading 0.25% up at $79.46. Brent Crude was up 15 cents or 0.2% at $79.43 per barrel by 1215 GMT. It rose 1.5% last week, its fourth weekly gain in a row. U.S. oil rose 6 cents or 0.1% to $75.94, after gaining for the past...
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Brent Oil was trading 0.18% down at $78.16. Oil fell to around $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high reached this week. The Organization...
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Brent Oil was trading 0.69% down at $77.56. Oil prices held steady on Thursday after rising above $80 a barrel this week, shrugging off bearish factors such as rising U.S. crude oil inventories and a strong dollar amid consensus that a supply deficit will stay for coming months. Brent...
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Brent Oil was trading 1.36% upat $75.34. Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S Crudestocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves. Prices were also supported as some OPEC...
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Brent Oil was trading 0.64% up at $73.98. Oil prices hit a six-week high on Tuesday as another hurricane threatened to bring heavy rain to Texas and parts of Louisiana that were still recovering from Ida, and as the International Energy Agency forecast a big demand rebound for the...
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Brent Oil was trading 0.64% up at $7340. Oil prices rose for a second session on Monday as concerns over shut output in the United States, the world’s biggest producer, following damage from Hurricane Ida supported the market, along with expectations for higher demand. Brent Cruderose 67 cents, or...
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