Correspondent, London
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Nov 29, 2012

Oil up on US budget optimism, Middle East tension

LONDON, Nov 29 (Reuters) – Crude oil rose on Thursday on
optimism that U.S. lawmakers would reach a deal on fiscal policy
and as mounting tension in the Middle East intensified supply
concerns.

Brent crude was up 73 cents at $110.24 a barrel by
0937 GMT while U.S. crude gained 70 cents to $87.19 a
barrel, following losses in the previous session.

Nov 28, 2012

Oil slides to one-week low on fears of US budget crisis

LONDON (Reuters) – Brent crude oil futures fell to their lowest in more than a week on Wednesday on fears of a looming budget crisis in the United States, the world’s top oil consumer.

Brent crude fell $1.15 to $108.72 per barrel by 1412 GMT. U.S. crude shed $1.56 to trade at $85.62 per barrel.

Nov 28, 2012

Oil slips on fears of US fiscal crisis

LONDON, Nov 28 (Reuters) – Brent crude oil futures fell on
Wednesday on fears of a looming budget crisis in the United
States, the world’s top oil consumer.

Brent crude fell 29 cents to $109.58 per barrel by
0940 GMT, after dropping to $109.31 on Tuesday – its lowest
since Nov. 20. U.S. crude shed 27 cents to trade at
$86.91 per barrel.

Nov 21, 2012

Oil gains more than $1 after Tel Aviv bus explosion

LONDON (Reuters) – Brent crude oil rose by more than $1 per barrel on Wednesday after an explosion on a Tel Aviv bus intensified concerns that the clashes between Gaza and Israel could lead to a wider regional conflict that would disrupt oil flows.

Brent crude futures were up $1.08 at $110.91 a barrel by 1455 GMT, off an earlier session-high of $111.46. U.S. crude rose 71 cents to $87.46.

Nov 21, 2012

Oil gains on unresolved Gaza conflict

LONDON, Nov 21 (Reuters) – Brent crude oil rose above $110 a
barrel on Wednesday, supported by fears of supply disruption
from the Middle East, as clashes raged between Palestinians and
Israelis despite overnight truce talks.

Brent crude futures were up 58 cents at $110.41 a
barrel by 0955 GMT, off an earlier session-high of $110.55. U.S.
crude rose 54 cents to $87.29.

Nov 16, 2012

Europe oil refining margins to return to reality in 2013

LONDON, Nov 16 (Reuters) – European oil refiners can expect
margins to come back down to earth in 2013 as global capacity
returns, after a rollercoaster this year that saw them soar in
the second and third quarters on low oil products stocks and
plant closures.

The persistent strength of European refining margins since
the middle of the year has surprised traders and refiners, who
had grown used to very tough conditions.

Nov 14, 2012

Oil bounces as dollar weakens

LONDON, Nov 14 (Reuters) – Oil gained on Wednesday after two
days in retreat, supported by a retreat in the dollar.

Brent crude gained 54 cents to $108.80 a barrel by
0957 GMT, after ending 81 cents lower on Tuesday. U.S. oil
gained 34 cents to $85.72.

Nov 13, 2012

Exxon talks with buyers for W.Qurna 1 -Iraqi Deputy PM

LONDON, Nov 13 (Reuters) – Exxon Mobil is in
advanced stages of discussions with potential buyers to take on
Iraq’s West Qurna 1 oilfield, Deputy Prime Minister for Energy
Hussain Shahristani said.

“There are sufficient number of interested buyers with the
financial resources and the technical know-how to buy their
interest,” Shahristani said on Tuesday.

Nov 7, 2012

Brent slips as focus returns to growth worry

LONDON, Nov 7 (Reuters) – Oil retreated on Wednesday,
cutting some of the sharp gains seen this week, as investors
turned their focus to problems facing the U.S. economy after the
re-election of President Barack Obama.

Oil rose sharply on Monday and Tuesday as investors started
to anticipate a clear U.S. election result that would end the
uncertainty that had contributed to weakness in previous weeks.

Nov 2, 2012

Oil slips, weak data weighs ahead of payrolls

LONDON, Nov 2 (Reuters) – Oil fell on Friday as weak
European data reinforced a gloomy picture for the demand
outlook, with investors nervous ahead of U.S. non-farm payrolls
data.

Euro zone manufacturing shrank for the 15th month running in
October as output and new orders fell, a survey showed,
reinforcing a view that demand for fuel in developed economies
will likely remain subdued.

    • About Simon

      "I am a senior correspondent at Reuters in London, working on the energy desk covering the oil market, both physical and futures, with a particular focus on oil products. I have been at Reuters since January 2007, and did stints on the foreign exchange and stockmarkets desk before moving to commodities. I sometimes write lifestyle pieces, and have a particular interest in food and literature."
      Joined Reuters:
      2007
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