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U.S. crude oil jumps as Biden comments on possible Israel retaliation against Iran

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U.S. crude oil prices rose about 5% on Thursday, on pace for a third consecutive session of gains on fears that Israel could strike...
Bussiness

Oil market faces a rude awakening if Iran’s energy infrastructure is targeted, analysts say

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A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in...
Bussiness

Israel retaliation may target Iran oil infrastructure, boosting prices further, Wall Street analysts say

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The Iranian flag above the new Phase 3 facility at the Persian Gulf Star gas condensate refinery in Bandar Abbas, Iran, in 2019.Ali Mohammadi...
Bussiness

OPEC+ members delay plans to hike production by two months after oil price slump

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A general view of signage at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) on Feb. 29, 2024 in Vienna, Austria.Thomas...
Bussiness

U.S. crude oil near $69 per barrel as OPEC+ delays production boost

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U.S. crude oil pulled back slightly Thursday to close near $69 per barrel, as OPEC+ delays plans to boost production after futures sold off...
Bussiness

U.S. crude oil jumps more than 3% on Libya production halt for best day in two weeks

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U.S. crude oil futures gained 3% on Monday for the best day in two weeks, amid reports of a production halt in Libya and...
Bussiness

Oil prices to remain elevated as Middle East tensions threaten a wider conflict, CBA analyst warns

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This photo taken from a position in northern Israel shows a Hezbollah UAV intercepted by Israeli air forces over north Israel on August 25,...
Bussiness

CNBC Daily Open: Wall Street soars; Starbucks ousts CEO

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Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City. Michael M. Santiago | Getty ImagesThis...
World

U.S. crude oil breaks $78 per barrel as fears of war between Iran and Israel grow

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U.S. crude oil futures broke above $78 per barrel Thursday on fears that Israel and Iran are heading to a direct conflict after the...
Bussiness

Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program

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The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024.Matt Cardy | Getty Images News |...
World

Oil rises on risk of broadening Middle East conflict

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Oil prices rose in early Asian trading on Thursday, extending strong gains in the previous session after the killing of a Hamas leader in...
Bussiness

Oil major BP raises dividend as second-quarter profit beats expectations

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A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom.John Keeble | Getty Images...
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