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On strong US demand and China optimism, oil is hovering near a 13-week high 0
- Market
- June 9, 2022
On Thursday, oil prices remained at 13-week highs, supported by strong demand in the world’s largest consumer, the United States, while demand in China is likely to increase as COVID-19 limits in key cities are eased. By 0033 GMT, Brent oil futures had risen 12 cents to $123.70 a barrel, while U.S. West Texas Intermediate
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Omicron scare: Amid sudden Covid-19 surge, Centre flags eight states 0
- Covid19
- December 31, 2021
India’s R naught value, which indicates the spread of Covid-19, is 1.22, the Union government said on Thursday, warning that cases are increasing, not shrinking. It asked Delhi, Haryana, Tamil Nadu, West Bengal, Maharashtra, Gujarat, Karnataka, and Jharkhand to remain vigilant following a significant rise in weekly infections and positivity rate there. In view of
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Omicron in Gujarat: People with no travel history found infected 0
- Coronavirus
- January 4, 2022
Forty-seven percent of the total cases of Omicron infections found in Gujarat had no travel history. In the last one week, the state reported a total of 79 cases of the Omicron variant of COVID-19, reported The Times of India. Gujarat, on January 3, reported 16 new cases of the Omicron variant, taking the tally
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Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data 0
- Economy
- January 27, 2023
Oil prices moved little on Friday and were set to end the week flat amid caution over an upcoming OPEC+ panel meeting, as well as more cues on the U.S. economy from a reading on the Federal Reserve’s preferred inflation gauge. Ministers from Algeria, Kuwait, Venezuela, Russia and Oman are set to meet virtually next
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Oil Surges As Speculation Over OPEC Cut Outweighs China concerns 0
- Market
- November 29, 2022
Oil prices jumped on Tuesday as traders bet that recent weakness in the market will invite more supply cuts by the OPEC, while anti-government protests in China and hawkish signals from the Federal Reserve worsened the outlook for demand. Oil marked a volatile start to the week, initially tumbling as much as 3% as Chinese
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Oil Slips on Recession Fears, Eyes Positive Week as Supply Tightens 0
- Market, Stock Market
- October 21, 2022
Oil prices fell on Friday after a warning on economic growth from the Federal Reserve, but were still set to end the week higher on positive signals from China and on the prospect of tightening supply in the coming months London-traded Brent Oil Futures, the global benchmark, fell 0.3% to $92.45 a barrel, while West
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