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Oil price jumps on Russian and Saudiagreement Oil price jumps...

SINGAPORE Oil prices rose in Asian trade on Monday after Venezuela said that OPEC and non-OPEC countries were close to reaching an output stabilizing deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted. Brent crude futures LCOc1 were trading at...

Oil prices drop on returning Libya, Nigeria supplies :: Oil prices fell on Friday on worries that U.S. rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut. Brent crude futures were trading at $46.20 per barrel at 0643 GMT, down 39 cents, or 0.8 percent, from their last settlement. U.S. West Texas Intermediate futures were down 36 cents, or 0.8 percent, at $43.55 a barrel.

European equity markets are expected to open a little higher on Thursday, with the FTSE rebounding from Wednesday’s declines helped by a similar rebound in oil prices overnight. Brent and WTI crude tumbled on Wednesday following the release of the EIA crude inventory data which reported a larger build in oil stocks than markets expected. … #forex. #forexfriendloan. #PMIDateinFocus. http://forexfriendloan.blogspot.co.uk/

Oil Prices Fall As Saudi Arabia Dampens Prospects Of Output Freeze Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month and as analysts pointed to an ongoing supply overhang that was weighing on markets. International benchmark Brent crude oil prices LCOc1 were trading at $49.46 per barrel at 0658 GMT down 21 cents from their previous close. Saudi Arabian Energy Minister Khalid Al-Falih told…