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Oil markets mixed as Brent eases but US oil gains

Oil markets were split on Tuesday, with US crude still carrying momentum from Friday’s gains due to a holiday on Monday while international Brent prices eased. US West Texas Intermediate (WTI) crude futures were at $62.31 a barrel at 0740 GMT, up 63 cents, or 1 per cent, from their last settlement. A holiday in […]

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IMF head says financial reforms are necessary to avoid the next big crisis

Financial reforms are needed to avoid the next big crisis, the head of the International Monetary Fund has warned, though the recent sharp swings on the markets are not in themselves a cause for alarm, she said. As rattled investors await a key US inflation report due on Wednesday, IMF managing director Christine Lagarde said […]

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Oil dips away from mid-2015 highs as higher output looms

Oil prices on Wednesday dipped away from the mid-2015 highs reached the previous session as high output in the United States and also Russia undermined ongoing efforts led by Opec to tighten the market. US West Texas Intermediate (WTI) crude futures were at $60.34 a barrel at 0739 GMT, down 3 cents from their last […]

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