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Oil Prices Subdued Despite Geopolitical Tension
Tuesday, August 12, 2014 - 7:50am | 355Brent crude oil slipped further on Tuesday as an oversupplied market outweighed supply concerns due to instability in several OPEC producers. The commodity traded at $104.20 at 6:54 GMT as investors waited for U.S. inventory data for a better picture of the number one oil consuming nation...
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#PreMarket Primer: Tuesday, August 5: Gaza Truce Begins, Long Road Ahead
Tuesday, August 5, 2014 - 7:20am | 1126The conflict in Gaza took its first step toward a lasting resolution on Tuesday as Israel pulled back its ground troops and a 72 hour truce with Hamas began. The conflict has killed more than 1,000 people, most of them civilians, and is not likely to be resolved over the next few days. Although...
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Brent Steady As Iraqi Exports Look Unaffected
Thursday, June 26, 2014 - 9:24am | 406Brent crude oil was steady just below $114 as worries about a supply interruption in Iraq faded. The commodity traded at $113.78 at 8:50 GMT as investors evaluated whether or not the Middle Eastern nation's ongoing conflict would escalate further and tighten global supplies. Sunni insurgents...
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Brent Retreats As Supply Interruption Worries Fade
Tuesday, June 24, 2014 - 9:34am | 339Brent crude oil eased back towards $113 on Tuesday as worries about a supply interruption in Iraq subsided. The commodity traded at $113.95 at 6:42 GMT as geopolitical tension around the world looked to be easing. Clashes between fighters from the Islamic State in Iraq and the Levant, or ISIS,...