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Brent Crude

Oil Hits year high $47 per Barrel

Oil has hit a price of $47 per barrel, its highest for the year. This was helped by the falling of the dollar and news that Saudi Arabia and Kuwait appear no closer to restarting their jointly operated Khafji oilfield, which produced…

Oil Prices Continue Steady Rise

Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the International Energy Agency.Still, analysts cautioned that a large glut of oil remained, with Goldman Sachs warning that U.S. crude…