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  • Aug 3- Wall Street was set to open slightly lower on Wednesday as weak oil prices overshadowed strong hiring data from the private sector. U.S. crude prices clawed back some losses but remained below $40 per barrel amid oversupply fears. "Over the last seven days, we've started to give back some of the gains we made post the UK referendum," said Art Hogan, chief market...

  • An oil rig Beaufort Sea

    Oil markets are once again in the doldrums amid fears of a persistent oversupply and concerns over the slow drawdown in U.S. inventories.

  • *Brent fell to $41.51, lowest since April 18, on Tuesday. LONDON, Aug 3- Oil edged higher towards $42 a barrel on Wednesday after hitting its lowest since April the previous day, supported by an industry report showing a fall in U.S. inventories and a weaker dollar. It reached $41.51 on Tuesday, the lowest since April 18.

  • *Brent fell to $41.51, lowest since April 18, on Tuesday. LONDON, Aug 3- Oil edged higher to $42 a barrel on Wednesday after hitting its lowest since April the previous day, supported by an industry report showing a fall in U.S. inventories and a weaker dollar. It reached $41.51 on Tuesday, the lowest since April 18.

  • BAKU, Aug 3- Azerbaijan needs oil prices to at least double if it is to meet its ambitious forecast of 1.8 percent growth this year, even after policy changes including a float of the manat currency that won praise from the IMF, economists say. "The government presents a positive image domestically, but in reality they are hoping for nothing else but oil prices to grow,"...

  • SINGAPORE, Aug 3- Oil prices remained weak on Wednesday, with U.S. crude below $40 per barrel and Brent under $42, as fuel oversupply and stuttering economic growth weighed on markets, although prices did receive some support from a weaker dollar. West Texas Intermediate crude futures were trading at $39.54 per barrel at 0651 GMT, slightly above their last close...

  • The oil glut is massive: Expert

    Peter Toogood, investment director at City Financial Investment Company, discusses the commodities sector and where the oil price is headed.

  • We are selling more oil than we produce: Expert

    Stephane Foucaud, managing director of Institutional Research at FirstEnergy Capital, shares his outlook for oil and says the market may be balanced.

  • Oil Price

    Oil prices may have more to fall based on the positioning of commodity trading advisers, says Vanda Research's CEO, Jason Ambrose.

  • SINGAPORE, Aug 3- Oil prices edged up in early trading on Wednesday, supported by a weaker dollar, but U.S. crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets. West Texas Intermediate crude futures were trading at $39.77 per barrel at 0350 GMT, up 26 cents from their last...

  • Global Growth

    Recent PMIs around the world reveal global growth is picking up, notes Kerry Craig of J.P. Morgan Asset Management

  • Pipeline and crude storage tanks in Cushing Oklahoma.

    Oil prices surged on Wednesday after as a larger-than-expected weekly gasoline inventory draw offset a surprise build in crude stockpiles.

  • SINGAPORE, Aug 3- Oil prices edged up early on Wednesday, supported by a weaker dollar, but U.S. crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets. West Texas Intermediate crude futures were trading at $39.63 per barrel at 0027 GMT, up 12 cents from their last settlement...

  • Oil Prices

    Market fundamentals have improved from the start of the year and will progress towards re-balancing by year-end, says Azlin Ahmad of Argus Media.

  • Cramer: The golden price for oil to rebound

    Jim Cramer went off the charts with Carley Garner to analyze how long the oil patch pain will last until opportunity thrives again.

  • Cramer: Brace yourself, Zika is hitting stocks more than you realize

    Jim Cramer compares falling oil prices to the Zika virus, which he suspects could be bringing stocks lower.