Oil rallies 2nd day in row, paring weekly loss ahead of OPEC
Investing.com -- Fear that the OPEC+ alliance of world oil producers could announce a third production cut in nine months led crude prices to rally again on Friday, significantly paring...
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Oil prices jump after US debt deal and jobs data as focus turns to OPEC
By Shadia Nasralla LONDON (Reuters) - Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world's biggest oil consumer and jobs data indicated a possible rate...
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Crude oil soars on debt ceiling progress; OPEC+, Fed meeting in focus
Investing.com -- Oil prices rose sharply Friday after the U.S. debt ceiling deal passed through Congress, averting a default ahead of the weekend’s meeting of OPEC ministers and their allies...
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Oil rises on debt ceiling optimism, OPEC uncertainty caps gains
Investing.com -- Oil prices rose in Asian trade on Friday as markets cheered the approval of a bill to raise the U.S. debt ceiling and avoid a default, although uncertainty ahead of an OPEC...
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Oil: OPEC’s action on Sunday will be price-driven vs. hype - Citi
Investing.com -- The outcome of Sunday’s OPEC+ meeting will most likely be price-driven versus the alliance’s hype that it isn’t price-focused, analysts at Citigroup suggested in a note...
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Oil rises 3% on US debt ceiling progress, traders on alert for OPEC+ meeting
By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Thursday by the most in two weeks ahead of an OPEC+ meeting on Sunday, while House of Representatives passage of a bill to suspend the...
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Oil up 4% after 3-day loss; ‘OPEC+ fear’ offsets U.S. supply build
Investing.com -- It’s the same script that plays out before each OPEC+ meeting and we’re seeing it again. Crude prices rose as much as 4% Thursday, paring the 7% loss from three previous...
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OPEC+ unlikely to deepen oil supply cuts at June 4 meeting, sources say
By Ahmad Ghaddar and Maha El Dahan LONDON/DUBAI (Reuters) -OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward...
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House passes debt limit bill, Fed rate debate intensifies - what's moving markets
Investing.com -- The race to lift the U.S. debt ceiling before a disastrous default clears a major hurdle after the House of Representatives passes a bill raising the limit. Meanwhile,...
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Oil moves higher on debt ceiling progress, positive Chinese data
Investing.com -- Oil prices rose in Asian trade on Thursday, rebounding from near one-month lows as investors cheered progress towards averting a U.S. debt default, while signs of life in...
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Marketmind: June starts on a nervous note
By Jamie McGeever(Reuters) - A look at the day ahead in Asian markets from Jamie McGeever.A batch of purchasing managers index reports from across the Asia-Pacific region will offer local...
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Oil hits 4-week low on Chinese manufacturing slide, dollar spike
Investing.com -- Oil prices hit four-week lows on Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half...
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Crude oil slumps on demand concerns after weak Chinese data
Investing.com -- Oil prices fell sharply Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half of the...
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Economic fears to cap oil prices below $90 through 2023: Reuters poll
By Kavya Guduru (Reuters) - Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a...
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Dow futures fall 65 pts; debt talks, job openings, Beige Book in focus
Investing.com -- U.S. stocks are seen opening with small losses Wednesday, with investors continuing to focus on the passage of the deal to lift the debt ceiling through Congress as the...
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Debt limit progress, weak Chinese data - what's moving markets
Investing.com -- The stage is set for a dramatic vote on the debt ceiling bill in the House of Representatives as the June 5 default deadline ticks ever closer. Meanwhile, disappointing...
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Oil dips further after sharp losses as weak Chinese data weighs
Investing.com -- Oil prices edged lower in Asian trade on Wednesday, retaining steep declines from the prior session as markets awaited a vote on the U.S. debt ceiling, while disappointing...
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Oil slides 4% on worries about US debt ceiling, OPEC+ talks
By Stephanie Kelly NEW YORK (Reuters) - Oil prices fell more than 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt ceiling pact and as mixed messages from...
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Oil tumbles 4% on worries over what Fed will do and OPEC might not
Investing.com -- As anxiety-inducing as the drama over the U.S. debt ceiling was, it has faded from oil traders’ radar with the tentative deal reached between the White House and rival...
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U.S. stocks mixed as House takes up debt ceiling deal and Nvidia soars
Investing.com -- U.S. stocks were mixed after a tentative deal to raise the debt ceiling and a surge for Nvidia helped lift tech stocks. At 9:47 ET (13:47 GMT), the Dow Jones Industrial...
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Explainer-Why is OPEC+ cutting oil output?
LONDON (Reuters) - OPEC and its allies, including Russia, meet in Vienna on June 4 to decide on their output policy. The group, known as OPEC+, agreed on April 2 to increase crude oil...
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Crude oil lower; Fed rate hike fears prompt selling
Investing.com -- Oil prices slumped Tuesday as concerns about future economic growth, particularly in the U.S., the largest consumer of crude in the world, overshadowed relief over the...
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Factbox-What have OPEC+ producers said ahead of June oil policy meeting?
LONDON (Reuters) - Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place this weekend....
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Dow futures rise 55 pts; Nvidia to join $1 trillion club
Investing.com -- U.S. stocks are seen opening higher Tuesday after negotiators tentatively agreed on a deal to lift the debt ceiling to avoid a default, while Nvidia could join the $1...
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Marketmind: Debt vote in sight, but further Fed squeeze
A look at the day ahead in U.S. and global markets from Mike Dolan Out of the frying pan, and into the fire? Relief over the likely lifting of the U.S. debt ceiling this week is being...
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Oil creeps higher as markets weigh Fed fears, debt deal optimism
Investing.com -- Oil prices reversed early gains to trade lower on Tuesday as fears of more interest rate hikes by the Federal Reserve and slowing economic growth largely offset optimism...
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Oil ticks up as markets weigh U.S. debt deal, rate hike possibility
By Arathy Somasekhar HOUSTON (Reuters) - Oil prices edged higher in choppy trading on Monday, as markets weighed a tentative U.S. debt ceiling deal that would avert a default by the world's...
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Oil prices edge lower as debt limit deal optimism tempered by Fed rate concerns
Investing.com -- Oil prices dropped on Monday, paring back earlier gains, as optimism over the debt ceiling agreement was tempered by renewed expectations that the Federal Reserve will carry...
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Debt ceiling deal, Fed rate path, Erdogan's victory - what's moving markets
Investing.com -- Investors look ahead to a crucial vote in Congress on this weekend's deal to lift the U.S. debt ceiling, with only days left until the world's largest economy is expected to...
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Oil rises on tentative U.S. debt deal; China, Fed in focus
Investing.com -- Oil prices rose in Asian trade on Monday as U.S. lawmakers said they had reached a provisional agreement to raise the debt ceiling, with focus now turning to key Chinese...
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Energy & precious metals - weekly review and outlook
Investing.com - The much-awaited deal to raise the U.S. debt ceiling is in, President Joe Biden said on Saturday, potentially setting equity and commodity markets on a new wave of...
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Wall Street rallies, European shares see biggest gain in 2 months
By Chris Prentice and Huw Jones NEW YORK/LONDON (Reuters) -Wall Street's main indexes rose and European shares logged their largest one-day gain in two months on Friday as talks on raising...
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Oil prices rise as US closes in on debt deal
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ticked up on Friday as U.S. officials appeared close to striking a debt-ceiling deal, and as the market weighed conflicting messages on...
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US Labor Department providing $653 million to help states upgrade UI systems
WASHINGTON (Reuters) - The U.S. Department of Labor said on Friday it was providing up to $653 million in grants to state governments to help safeguard against fraud by updating their...
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Oil on for 2nd weekly gain amid inflation bruise, ‘misquote’ on Russia
Investing.com -- On one end, the debate is whether there’ll be a pause or hike. On the other, it’s whether a stay or another cut is coming. But Fed hike or OPEC+ cut, May is turning out to...
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Crude oil higher; U.S. demand stays healthy ahead of OPEC meeting
Investing.com -- Oil prices rose Friday, heading towards their second consecutive week of gains on signs of tightening U.S. supply and improving fuel demand in the world’s largest oil...
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Debt ceiling progress, PCE due, OPEC+ output cut debate - what's moving markets
Investing.com -- U.S. President Joe Biden says lawmakers are carrying out productive talks over raising the debt ceiling, but a final deal remains elusive with a possible default now only...
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Oil creeps lower ahead of more cues on OPEC, debt ceiling talks
Investing.com-- Oil prices retreated in Asian trade on Friday, extending a sharp drop from the prior session as traders awaited more clarity on the OPEC’s plans for future production cuts,...
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Oil settles lower as Russia downplays additional OPEC+ cuts
By Laura Sanicola (Reuters) - Oil prices settled lower on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its...
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Oil down 3% on “no new OPEC cut”; Russians speak for Saudis
Investing.com -- The Russians aren’t helping the price of oil — to the delight possibly of the West and the utter frustration likely of other producers within the OPEC+ alliance, not to...
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Dow futures fall 60 pts after Fitch warning; Nvidia powers tech sector higher
Investing.com -- U.S. stocks are seen opening in a mixed fashion Thursday with increased fears over a debt default weighing, but an upbeat earnings report from chipmaker Nvidia is seen...
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