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Reuters 11:34 AM | November 13,2009
The bounce in the dollar fuelled profit-taking in commodities such as gold and oil, while a fall in Asian equities supported the dollar as a safe haven trade
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Reuters 09:17 AM | November 12,2009
The US Energy Information Administration data, delayed by one day due to the US Veteran’s Day holiday, is expected to show a 600,000 barrel increase in crude stockpiles in the world’s top energy user
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Reuters 03:05 PM | November 10,2009
Hurricane Ida, the first real weather threat to oil production of the 2009 season, was downgraded to a tropical storm on Monday, but production remained curtailed as producers awaited its passage out of the Gulf
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Reuters 09:02 AM | November 09,2009
Analysts said the dollar, which fell on Monday, also lent support to oil prices
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Reuters 10:01 AM | November 04,2009
Analysts also said there might be some traders in long positions booking some profit ahead of the issue of US stockpile data from the Energy Information Administration
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Reuters 09:52 AM | November 03,2009
The continued strength of commodities-linked currencies such as the Australian dollar also offered support to oil, with the weak US dollar also sending gold to its highest in almost two weeks
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Reuters 04:02 PM | November 02,2009
But traders and analysts said the mood was still cautious as equities markets sank to one-month lows and braced for the possible withdrawal of stimulative monetary policy as major central banks meet this week
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Reuters 03:25 PM | October 29,2009
Analysts said investors would focus on economic figures, with oil’s weak fundamental picture unchanged
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Reuters 12:04 PM | October 28,2009
The American Petroleum Institute data showed after the contract’s settlement on Tuesday that US crude stocks fell by 3.5 million barrels last week, compared with a forecast for a 1.8 million barrel build in a Reuters poll
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Reuters 12:36 PM | October 26,2009
Comments from producer group Opec last week that it would raise output targets at a December meeting has also cast a pall on the oil market, analysts said
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Reuters 12:50 PM | October 22,2009
A US Energy Information Administration report showing a larger-than-expected 2.3 million barrel draw in gasoline stocks last week saw oil rally 2.8% in the previous session to settle at $81.37
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Reuters 10:35 AM | October 21,2009
The persistent weakness in the US dollar, global strength in equities, absence of overhead resistance, powerful momentum and mounting evidence of real economic recovery pointed to a bullish outlook for crude
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Reuters 03:25 PM | October 19,2009
Solid earnings on Wall Street in the first half of last week boosted commodities across the board, but on Friday weak numbers from General Electric and Bank of America again clouded the economic outlook
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Reuters 02:40 PM | October 12,2009
Gains were limited by a strong US dollar, which rose on the back of comments by Federal Reserve chairman Ben Bernanke that the US central bank will be ready to tighten its monetary policy as the economy gains strength
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Reuters 02:56 PM | October 08,2009
Oil settled down nearly 2% on Wednesday after US government data showed larger-than-expected supply increases in gasoline and distillate fuels last week
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