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Chron.comU.S. oil drillers cut rigs for first week in six -Baker Hughes | ReutersReutersU.S. energy companies this week cut oilrigs for the first time in six weeks in spite of prices risingclose to their highest in over two years and drillers startingto bo
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ReutersOil holds below two-year highs with focus on US outputReutersAnalysts at Barclays said product inventory levels in industrialized nations were 2 percent below the five-year average at the start of December, compared with 10 percent above the five-ye
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ReutersOil holds below two-year highs as focus turns to US outputReutersGoldman Sachs said market conditions allowed major oil companies, or Big Oil, to enter “a positive earnings-revision cycle”. It added: “This should allow Big Oil to re-employ capital a
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ReutersOil prices edge higher on Forties outage, falling stocksReuters“This is a rarity for crude streams in the North Sea and underscores the seriousness of the disruption,” analysts at PVM Oil Associates said. PVM added that the outage “should continue t
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ReutersOil Bulls, Don't PanicSeeking AlphaLast week, WTI (OIL) prices were under pressure (-1.65%), falling as much as 2.58%, following lower than expected decrease in crude oil stocks of -5.6 M barrels. On Dec 13, the EIA published a second straight w
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ReutersOil prices edge up on North Sea pipeline outage, falling stocksReutersAnalysts from Barclays said they believed product inventory levels in industrialized nations were 2 percent below the 5-year average at the start of December compared with 10 perc
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ReutersOil prices rise on North Sea pipeline outage, but growing US output loomsReutersUndermining OPEC's efforts to tighten the market is U.S. oil production, which has soared by 16 percent since mid-2016 to 9.78 million barrels per day (bpd), close t
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ReutersOil stable on tighter market, but rising US output looms for 2018ReutersThe ongoing outage of the Forties pipeline, which carries North Sea oil to Britain, was also buoying crude prices, traders said, as inventories around the world were gradually b
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BloombergIs The Oil Glut Set To Return?OilPrice.comFor the second month in a row, the IEA has poured cold water onto the oil market, publishing an analysis that suggests 2018 could hold some bearish surprises for crude. The IEA's December Oil Market Re
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ReutersOil prices up on lower US crude stocks, but growing output caps gainsReutersSINGAPORE (Reuters) - Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped prices well below the 20
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