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Brent Crude Commodity Market Trades, Charts

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  • US oil can easily sink below $60: IMA Asia   Thursday, 27 Nov 2014 | 5:11 PM ET
    US oil can easily sink below $60: IMA Asia

    Richard Martin, Managing Director at IMA Asia, says U.S. oil can drop sink below $60 in the near-term. In Asia, prices are dependent on China, he warns.

  • *OPEC leaves oil output unchanged. Nov 27- Brent crude oil plunged as much as $6.50 a barrel on Thursday, and U.S. crude fell by nearly as much, posting the steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. Crude prices have been falling all week as traders and analysts scaled back expectations...

  • MOSCOW, Nov 27- Russia's most powerful oil official Igor Sechin said that oil prices could fall below $60 by mid-way through next year, speaking the same day OPEC met in Vienna and left its output targets unchanged. On Thursday, OPEC decided against production cuts to halt a slide in global oil prices, sending benchmark Brent crude plunging to a fresh four-year low...

  • *OPEC leaves oil output unchanged. Nov 27- Brent crude oil plunged as much as $6.50 a barrel on Thursday, and U.S. crude dropped by nearly as much, posting their steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. Crude prices have been falling all week as traders and analysts scaled back...

  • BRENT CRUDE FALLS MORE THAN $6 TO $71.25, U.S. CALGARY, Alberta, Nov 27- Brent crude oil futures fell more than $6 on Thursday to $71.25 a barrel, its lowest since July 2010, after producer group OPEC said it would not cut crude production targets. U.S. crude also dropped sharply to $67.75, its lowest since May 2010, before paring losses to trade down $4.65 at $69.04 a...

  • *BRENT CRUDE FALLS MORE THAN $6 TO $71.25 A BARREL Thursday, 27 Nov 2014 | 11:30 AM ET
  • CALGARY, Alberta, Nov 27- Brent crude oil futures fell more than $4 on Thursday to below $73 a barrel after producer group OPEC said it would not cut crude production despite global oversupply. Brent fell as low as $72.74 per barrel, its lowest since August 2010, and was last trading down $4.75 at $72.98. U.S. crude oil futures also fell sharply to a low of $69.11 a barrel,...

  • BRENT CRUDE OIL FALLS BELOW $74 PER BARREL AFTER OPEC MEETING@. CALGARY, Alberta, Nov 27- Brent crude oil futures fell below $74 per barrel on Thursday after the producer group OPEC decided not to cut crude production despite global oversupply. Brent dropped to $73.80 a barrel, its lowest since August 2010, before paring losses to last trade down $3.71 on the day at...

  • *Oil prices near 4- year low as OPEC output cut hopes fade. LONDON, Nov 27- Fading hopes of a meaningful cut in production at Thursday's OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the United States saw world stocks touch the brakes on their recent rally. OPEC sources have told Reuters action is unlikely and Brent oil dropped by more...

  • 'Anything is possible': Nigerian oil minister on production cuts

    Nigerian oil minister Diezani Alison-Madueke, says OPEC and non-OPEC members need to come together to reach an equilibrium on oil prices.

  • LONDON, Nov 27- Brent crude oil fell $2 to a four-year low under $76 a barrel as traders speculated that OPEC was unlikely to cut output to support prices at its Thursday meeting. Gulf producers Saudi Arabia, Kuwait, Qatar and the United Arab Emirates said they had reached a consensus on oil output policies. Some fund analysts have said that oil prices could slide to...

  • OPEC will cut oil production at meeting: Pro   Thursday, 27 Nov 2014 | 3:45 AM ET
    OPEC will cut oil production at meeting: Pro

    OPEC will cut oil production at its meeting on Vienna on Thursday, Johannes Benigni, founder and managing director at JBC Asia says, adding that if it delays a cut, the cartel will lose credibility.

  • If OPEC doesn't cut production, oil will fall further: Pro

    Neil Atkinson, head of analysis at Lloyd's List Intelligence, says OPEC members are unlikely to cut oil production at this meeting, but this will push the price of the commodity lower.

  • More oversupply in oil ahead: Iranian oil minister   Thursday, 27 Nov 2014 | 1:00 AM ET
    More oversupply in oil ahead: Iranian oil minister

    Speaking to reporters at the OPEC meeting in Vienna, Bijan Zangeneh, Iranian oil minister, says there is more oversupply in the oil market to come.

  • Still a chance OPEC may cut output: Argus   Thursday, 27 Nov 2014 | 12:03 AM ET
    Still a chance that OPEC may cut quota: Argus

    Alejandro Barbajosa, Vice President for Crude Middle East & Asia-Pacific at Argus Media, says an agreement to reduce production to 29 million barrels per day would be a strong signal.

  • Gartman: No way OPEC will cut production   Wednesday, 26 Nov 2014 | 10:31 PM ET
    Gartman: No way OPEC will cut production

    Dennis Gartman, Founder, Editor & Publisher of The Gartman Letter, says OPEC won't reduce output since members need high levels of cash flow in order to fulfill promises to citizens.

  • Asia seeing impact of weak oil prices: ING   Wednesday, 26 Nov 2014 | 10:14 PM ET
    Asia seeing impact of weak oil prices: ING

    Tim Condon, Head of Research for Asia at ING Financial Markets, says the lower oil prices are giving governments opportunities to do pro-market reforms in countries like Malaysia and Indonesia.

  • Energy now operating on Moore's law: Pro   Wednesday, 26 Nov 2014 | 9:21 PM ET
    Energy now operating on Moore's law: Pro

    Don Luskin, Chief Investment Officer at Trend Macro, says technological abundance is collapsing prices in the energy sector, which is hurting major cartels like OPEC.

  • NYMEX-Oil falls for 4th day on fading hopes for OPEC cuts Wednesday, 26 Nov 2014 | 7:36 PM ET

    TOKYO, Nov 27- U.S. crude futures extended declines for a fourth session on Thursday to stay near a four-year low below $76 a barrel as OPEC increased signals that it would hold off making any major production cuts this week. *OPEC Gulf oil producers will not propose an output cut at its meeting on Thursday, reducing the likelihood of joint action by OPEC to prop up...

  • OPEC worried about losing market share?   Wednesday, 26 Nov 2014 | 6:34 PM ET
    OPEC worried about losing market share?

    The idea that the cartel is worried about market share is misleading, says Daniel Hynes, Senior Commodity Strategist at ANZ.