Oil prices fall despite OPEC talk
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Oil prices dropped by nearly $1 a barrel yesterday as traders focused on a halt in the dollar's decline, weak manufacturing data, and expectations of mild weather next week, which sent natural gas and heating oil futures sharply lower, too.
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U.S. oil prices fell to a one-month low below &#36;45 a barrel on Tuesday, under pressure from signs OPEC would not cut production until its March meeting and on forecasts of rising U.S. crude stockpiles.
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Oil prices fell to four-month lows on Friday even though the Organization of Petroleum Exporting Countries moved to curb production above its official 27 million barrel-per-day output ceiling.
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CRUDE oil prices are expected to fall rather than rise, despite the latest decision of the oil producers&#39; cartel to reduce supplies coming on to the market.
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Oil prices fell on Monday, extending the previous session's decline, after remarks by oil producer group OPEC that it was concerned about the potential impact of high oil prices on the global economy.
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Oil fell below $60 on Friday as investors doubted OPEC's resolve to carry out a planned supply cut and fuel inventories swelled in top consumer the United States.
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Oil eased below $63 a barrel on Monday as investors weighed plans by OPEC members Nigeria and Venezuela to trim output against healthy inventories in top consumer the United States.
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Oil prices fall on news of Nigerian peace talks but analysts expect the price to remain close to the $50 mark.
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Bout of fund-led selling counters decision to cut supplies by top OPEC exporter Saudi Arabia. LONDON  - Oil prices fell to a five-month low Monday as a bout of fund-led selling countered a cut in supplies by top OPEC exporter Saudi Arabia.
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Oil prices fell on Monday on expectations of higher U.S. refinery production and after remarks by OPEC that it is ready to pump more oil if needed.
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The Organization of Petroleum Exporting Countries (OPEC) expects to see a fall in global oil prices to as much as US$30 per barrel, its president Purnomo Yusgiantoro said here on Thursday.
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Oil prices eased on Friday as OPEC looked set to keep output unchanged at its meeting this weekend, although concern ahead of Sunday's election in Iraq limited the fall.
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DOHA - Opec producers are enjoying less of a windfall than US$50 ($70) oil prices suggest, as big discounts for their lower-quality crude and a weak dollar hit export earnings, Opec officials say.
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SINGAPORE/LONDON  - Oil eased below $63 a barrel on Monday as investors weighed plans by OPEC members Nigeria and Venezuela to trim output against healthy inventories in top consumer the United States.
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US OIL prices fell further yesterday on continued profit-taking as producer-group OPEC promised production increases in the coming months.
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Oil fell more than a dollar to below $62 a barrel on Monday as healthy fuel inventories in top consumer the United States countered plans by OPEC members Nigeria and Venezuela to trim output.
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NEW YORK: US oil prices fell more than one dollar yesterday on continued profit-taking as producer-group Opec eyed increases in the coming months in its tight spare capacity, countering worries over stumbling Iraqi oil exports.