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Oil edges up amid OPEC cuts, US sanctions on Iran, Venezuela
Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by US sanctions against Iran and Venezuela.
Oil climbs one percent as OPEC output drop eases concerns about glut
Oil prices rose more than one percent on Friday after an OPEC report showed its production fell sharply last month, easing some concerns about prolonged oversupply.
Sources: BoJ to cut price forecasts, keep rosy economic view
The Bank of Japan (BoJ) is expected to cut its inflation forecasts at next week’s rate review, sources say, a sign slumping oil prices and a darkening global economic outlook are heightening challenges for hitting its ambitious two percent target.
Saudi Arabia concerned about oil price volatility
Saudi Arabia's energy minister said Sunday that major oil producers need to do better to narrow swings in prices that dip below $60 a barrel and rise above $86.
China house price gains no longer a certainty: central bank adviser
A rising trend in property values in China is no longer a certainty as ‘unprecedented’ state housing price controls come into effect, state media quoted a central bank adviser as saying on Saturday.
Elections, USD strength and oil price to determine rupee direction: Report
The US dollar strength, oil prices and next year’s general elections will determine the rupee’s direction in the near-term, with fundamentals being supportive for the domestic currency over the next 6-12 months, said a report by Standard Chartered.
UK hit by 57 energy price rises in 2018 as cap looms
This year has proved the worst ever for the number of price rises energy suppliers have inflicted on consumers.
China's November home price growth slows as smaller cities cool
Growth in China’s new home prices slowed in November as markets in smaller cities lost some of their heat, though the sector remained relatively resilient amid a broader slowdown in economic activity.
France: All should pay price of killing Iran Deal
François Delattre, Ambassador of France to the United Nations, says all sides should pay the price of killing Iran nuclear deal also known as the Joint Comprehensive Plan of Action (JCPOA).
House price growth in Britain falls to six-year low
House prices in the UK are rising at their slowest annual pace in six years, with growth falling from 1.5pc in October to 0.3 percent in November, according to the latest figures from Halifax.
Oil surges 5 percent on US-China deal, expected supply cuts
Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to cut supply.
US examining bill to sue OPEC over price fixing
The administration of US President Donald Trump is reportedly drafting a bill that would authorize legal action against the Organization of the Petroleum Exporting Countries (OPEC) for “artificially raising oil and gas prices”.
Oil prices rise as OPEC+ signals output cut
Oil rose by more than one percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of one million barrels per day.
OPEC+ to consider oil cuts as price drops on risk of surplus
OPEC and its allies gathered for a meeting in Abu Dhabi amid signs that they’ll consider cutting production next year.

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