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LATEST OIL HEADLINES
OIL & GAS STOCKS TO WATCH
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6:53Oil extends rally as OPEC+ mulls largest output cut since 2020
Oil surged after OPEC+ said it was considering cutting its production limit by as much as 2 million barrels a day, double what was previously anticipated.
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4:57What stops oil going down to US$50 a barrel
Bloomberg Intelligence senior commodity strategist Mike McGlone explains why oil dropping to US$50 a barrel is more likely than it rallying to levels seen earlier this year, and why markets would see more selling on the next big rally in oil prices.
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5:13OPEC+ to consider output cut of more than 1M barrels
OPEC+ will consider cutting oil output by more than 1 million barrels a day, according to delegates, when it meets in person on Wednesday for the first time in more than two years.
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6:22Oil sees biggest daily jump since July ahead of OPEC+ meeting
Oil climbed more than 5 per cent in its biggest rally since July as potential OPEC+ output cuts heighten fears of supply tightness on the horizon.
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6:22Oil sinks to first quarterly drop since 2020 as outlook darkens
Oil shed nearly 25 per cent to post its first quarterly loss in more than two years as escalating fears over a global economic slowdown and a stronger dollar overshadowed concerns of tightness in oil supplies.
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7:04Gas prices up in some cities across Canada by as much as 19 cents
Gas prices jumped overnight in some cities across Canada, in many cases by around ten cents a litre, and by almost 20 cents in one city.
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7:04
Oil falls after an aimless session centered on slowdown fears
Oil fell with sinking equities following fresh signals of economic tightening ahead, offsetting the bite of any potential OPEC+ supply cuts.
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6:47Oil halts two-day slide on report of Russia pushing for oil cuts
Oil rallied after a report that Russia will advocate for OPEC+ nations to cut production, heightening supply concerns as deadlines to implement Russian fuel bans approach.
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10:57Federal Reserve Is Exporting Inflation, UBS Wealth Management Says
Teck Leng Tan, Asia Pacific foreign exchange and macro strategist at UBS Wealth Management, discusses the outlook for global currencies and central banks' policies. He speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia." Bloomberg's Marcus Wong also speaks.
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6:47Oil settles near January lows after swinging with broader market
Oil declined, taking direction from broader markets as the potential impact of rising interest rates worldwide subdued investor sentiment.