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With oil above US$80, OPEC ministers kicked off their first meeting for 2010 leaving output unchanged. The dollar stayed weak and economic data showed signs of improvement. In early trading on Friday, the oil price was still
Full story...The oil market welcomes any news of an increase in energy demand and this week, the Chinese delivered this much-needed boost to the market, and helping to maintain the strength we’ve seen in the oil price. This has been the
Full story...The oil price is maintaining a healthy run, managing to stay around US$80 for the past 2 weeks. Oil producers will be hoping this trend will continue as they prepare for OPEC’s first meeting of 2010. In early trading on Friday,
Full story...The uncertainty of the global economy continued to weigh on the oil market this week. The dollar gained little strength and the Eurozone stayed stagnant. Crude stocks continue to be high and with little real news to move the
Full story...The oil price held firmly in the high seventies as the focus was on the commodities all week. Supply is still at an all time high, demand has not improved but the US surprised the market by hiking the discount rate, signalling
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