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Brent Slides Lower On Iran/US Talks
Thursday, September 26, 2013 - 7:17am | 309Brent crude oil slid below $109 as talks between Iran and six other world leaders got underway. The commodity traded at $108.34 at 7:00 GMT on Thursday morning. After years of conflict with the US over its nuclear capabilities, the Iranian government is willing to sit down with Western leaders...
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Does The Stock Market Have Serious Issues?
Wednesday, September 25, 2013 - 12:47pm | 3605Given that (a) stocks have fallen for four consecutive days and (b) there haven't been any clear-cut, obvious catalysts to the pullback, it is probably safe to say that there are "issues" at work behind the scenes. Granted, the decline over the past four days hasn't been severe (the S&P is...
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Brent Above $109 As Doubts About US/Iran Relationship Surface
Wednesday, September 25, 2013 - 7:23am | 316Brent crude oil climbed back above $109 as some began to doubt that the relationship between the West and Iran has the potential to improve. The commodity traded at $109.14 at 7:00 GMT on Wednesday morning. Tension between the West and Iran has long supported oil prices as Iran moved forward with...
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Market Primer: Wednesday, September 25: Investors Hesitant, US In Focus
Wednesday, September 25, 2013 - 6:43am | 1179Worries that political squabbling could end with a default in October if US lawmakers don’t raise the nation’s borrowing limit have kept investors from making major plays in markets across the world. Some US senators, backed by the Tea Party, have been threatening to block an...
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Brent Slips On Easing Geopolitical Tension
Tuesday, September 24, 2013 - 7:22am | 310Brent crude oil slipped on Tuesday as talks between the US and Iran later in the week eased some of the tension in the Middle East. The commodity was also pressured by rising supply without any real evidence of growing demand. Brent traded at $108.11 at 6:50 GMT on Tuesday morning after US...
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Brent Remains Above $109 on Positive PMI
Monday, September 23, 2013 - 7:43am | 289Brent crude oil continued to trade above $109 on Monday, holding on to Friday's gains. The commodity traded at $109.28 at 7:30 GMT on Monday morning. The commodity was under pressure last week as supply tightness eased due to the reopening of some of Libya's oil export terminals. The African...
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Brent Steady Above $108 With Iran In Focus
Friday, September 20, 2013 - 7:43am | 331Brent crude oil dipped lower on Thursday as tensions in the Middle East eased further on comments from Iran's president which indicated he was open to repairing the nation's relationship with the West. The commodity traded steadily at $108.85 at 7:05 GMT on Friday morning. Iranian President Hassan...
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Brent On Longest Losing Streak Since April
Wednesday, August 7, 2013 - 7:26am | 297Brent crude oil slid on Wednesday as easing supply concerns and caution ahead of key data from the US and China put pressure on prices. The commodity traded at $107.82 at 6:54 GMT on Wednesday morning, marking its fourth consecutive session drop and its longest losing streak since April. A new...
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Brent Rises on Chinese Optimism
Monday, August 5, 2013 - 7:56am | 316Brent climbed above $109 on Monday after new positive Chinese data gave investors hope for demand in the future. The commodity traded at $109.26 at 7:43 GMT on Monday morning. New business orders in the number two oil consuming nation recovered from multi-year lows and helped China's services...