Published 1 year ago

Oil prices down after report on UAE debating OPEC exit

Summary by Ground News

Brent crude futures dipped 18 cents, or 0.2%, to $84.57 a barrel at 0739 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 16 cents, also0.2, at $78.00 a barrel. The retreat in oil prices came as euro zone inflation fell less than expected last month.

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Reuters

Oil prices down after report on UAE debating OPEC exit

Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an internal debate about leaving OPEC and pumping more oil, but retraced some losses after a source told Reuters this was not true.

1 year ago·United Kingdom

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Bloomberg

Oil Set To Post Weekly Gain As UAE Refutes Report Of OPEC Exit

Global benchmark Brent rose for a second consecutive week, getting a late boost from UAE officials denying OPEC exit plans.

1 year ago·United States

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The Globe & Mail

Oil prices dip but are still poised for weekly gain

Brent crude futures slipped by 51 cents to $84.24 a barrel by 1207 GMT, while U.S. West Texas Intermediate crude futures were down 41 cents at $77.75

1 year ago·Canada

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Adevarul

Oil prices falling after information on a possible exit of the UAE from OPEC

Oil prices fell on Friday, after the Wall Street Journal reported that talks are being held inside the United Arab Emirates about an exit from OPEC.

1 year ago·Romania

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MarketWatch

Oil prices edge lower, but on track for weekly gains

Oil futures edge lower Friday, but aim for weekly gains as investors weigh prospects for Chinese demand against a continued rise in U.S. crude inventories.

1 year ago·United States

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Business Today

Oil prices down after report on UAE debating OPEC exit

Oil prices this week had been boosted by strong Chinese economic data, underpinning hopes for oil demand growth, but those gains were all but erased on Friday.

1 year ago·India

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