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Oil prices fall as Russia warns of gradual output increase

“With oil prices rising more than costs, average industry profitability has turned positive this year,” Bernstein Energy said in a note this week, adding that the 50 largest listed oil companies globally “need $47 per barrel oil prices to break even in aggregate”” writes Midwest Communications Inc for 95kqds.com. U.S. crude oil production has risen by more than a quarter in the last two years, to 10.73 million barrels per day (bpd).SINGAPORE (Reuters) – Oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld…

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Oil threatens 3rd straight drop as buildup in U.S. supplies drags market lower

“That contradicted market expectations, as analysts surveyed by S&P Global Platts had forecast a decline of 1.7 million barrels” writes Markets Commodities Reporter for marketwatch.com. The EIA said domestic supplies of natural gas rose by 91 billion cubic feet for the week ended May 18.Natural-gas prices, meanwhile, headed higher following supply data from the EIA Thursday that generally met with market expectations.Oil prices fell sharply Thursday as traders dragged futures lower for a third straight session following a report of an unexpected build in weekly U.S. crude inventories a day…

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U.S. stock futures look hemmed in as North Korea gloom offsets dovish Fed

“U.S. stock futures mostly showed little change early Thursday, as worries about North Korea appeared to offset a Federal Reserve release that was viewed as dovish” writes Markets Reporter for marketwatch.com. Nasdaq-100 futures NQM8, +0.15% showed a little more life, rising by 14 points, or 0.2%, to 6,971. Source: marketwatch.com Share This:

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Stock futures dip as Trump’s comments spark trade talk uncertainty

“Earlier optimism of trade talks progressing reversed on Tuesday after U.S. President Donald Trump said he was not pleased with recent trade talks between the United States and China and also raised doubts about the upcoming North Korea summit” writes Midwest Communications Inc for 95kqds.com. The comments tempered expectations that the United States and China would be able to avert a damaging global trade war.(Reuters) – U.S. stock index futures were lower on Wednesday on fresh uncertainty over U.S.-China trade talks and ahead of a Federal Reserve report that would…

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US stocks point to a triple-digit loss at the open after Trump plays down China trade talks

“ET, Dow futures fell 143 points, indicating a lower implied open of 122 points” writes Silvia Amaro for cnbc.com. The president also said Tuesday he was “not satisfied” with trade talks with China despite opposing comments from other members of his administration.U.S. stock index futures pointed to a lower open Wednesday, after President Donald Trump told reporters he was not sure about whether a scheduled meeting with the North Korean leader would actually happen. Source: cnbc.com Share This:

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U.S. stocks set up for more losses as geopolitical worries persist

“Dow Jones Industrial Average futures YMM8, -0.61% slipped 54 points, or 0.2%, to 24,792, while S&P 500 futures ESM8, -0.55% lost 5.6 points, or 0.2%, to 2,720.50” writes Markets Reporter for marketwatch.com. Read: Why the end is coming soon for the biggest tech bubble we’ve ever seen Trade and geopolitical concerns continued to overshadow markets on Wednesday.RL, -0.40%   are expected to report earnings ahead of the open, with the financial update from L. Brand Inc. Source: marketwatch.com Share This:

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U.S. oil benchmark futures prices end with modest loss

“Prices for U.S. oil benchmark futures ended with a modest loss on Tuesday with traders focused on developments tied Iran and Venezuela and the potential that U.S. actions against those countries will contribute to tighter global crude supplies” writes Markets Commodities Reporter for marketwatch.com. Robbie Fraser, commodity analyst at Schneider Electric attributed the move lower to “the usual intraday volatility.”. June West Texas Intermediate crude CLM8, -0.21% which expired at the session’s conclusion, fell 11 cents, or nearly 0.2%, to settle at $72.13 a barrel on the New York Mercantile…

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Oil prices have been given a boost, but they could struggle to head higher

“International benchmark Brent crude futures were 13 cents, or 0.16 percent, higher at $79.35 during Asia afternoon trade on Tuesday” writes unknown author for cnbc.com. Prices have risen recently amid concerns over the impact of potential U.S. sanctions on Venezuela’s oil exports following a disputed election which saw Venezuelan President Nicolas Maduro re-elected. Source: cnbc.com Share This:

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Being long the dollar is cool again

“Even the so recent termination of the Iran nuclear agreement seems in the distant past for dollar bulls” writes Anneken Tappe for marketwatch.com. Abating fears over a trade war with China that weighed on the U.S. unit before are also paving the way for the dollar resurgence.Fed funds futures show expectations for a 95% expectations for a 25 basis point rate increase next month.Bullish bets on the U.S. dollar became cool again as the currency proved itself against headwinds like trade tensions, geopolitical quarrels and high hopes for the eurozone…

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