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Falling Oil Prices Hit Levels Not Seen Since 2009

2015-12-07 23:17:28| Oil & Gas - Topix.net

Oil prices fell to their lowest levels in seven years, after OPEC officials failed to agree Friday on how to address the global supply glut. By midday Monday, Brent crude futures fell 5 percent to $40.68 a barrel, the lowest price since 2009.

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Plunging oil prices drag down Wall Street

2015-12-07 19:17:30| Oil & Gas - Topix.net

REUTERS: Wall Street started the week in the red as energy and raw material stocks took a hit, with oil prices falling to their lowest in nearly seven years. Brent crude prices dropped to US$41.38 and U.S. crude fell to US$38.15 a barrel, after OPEC's meeting ended last week without a reference to its output ceiling.

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Crude oil prices fall as OPEC fails to agree on oil production

2015-12-07 01:00:00| Offshore Technology

Crude oil prices have dropped after the Organization of the Petroleum Exporting Countries (OPEC) failed to agree on a production ceiling to cut oversupply.

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With oil prices facing more pressure, airlines rally

2015-12-05 01:14:35| Airlines - Topix.net

OPEC's decision to maintain production levels -- and put more pressure on oil prices -- is boosting a fuel-dependent sector as airline stocks rally. Outstripping market gains today: United Continental ; Delta Air Lines ; and American , as well as smaller carriers.

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Crude oil prices rise ahead of OPEC meeting in Vienna

2015-12-04 01:00:00| Offshore Technology

Crude oil prices have increased due to the Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna.

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