INDICES
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Oil prices edge up on expected U.S. crude inventory draw
EghtesadOnline: Oil prices nudged higher on Wednesday on expectations of a U.S. crude inventory draw, although trading activity was muted as markets start to wind down ahead of the Christmas weekend.
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OPEC Deal to Create Oil-Supply Deficit Next Half, IEA Says
EghtesadOnline: Global oil markets will swing from surplus to deficit in the first half of 2017 as OPEC and other producers follow through on an agreement to cut supply, according to the International Energy Agency.
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Oil Man Who Foresaw Crash Sees OPEC Uniting in Self-Interest
EghtesadOnline: OPEC members need to stop bickering over output curbs or risk the group becoming irrelevant to global oil markets, according to an analyst who predicted the biggest price crash in a generation.
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Venezuela says OPEC, non-OPEC oil stabilizing deal 'close'
EghtesadOnline: Venezuelan President Nicolas Maduro said on Sunday that OPEC and non-OPEC countries were "close" to reaching a deal to stabilize oil markets and that he aimed for a deal to be announced this month.
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IEA Changes View on Oil Glut, Sees Surplus Enduring in 2017
EghtesadOnline: The surplus in global oil markets will last for longer than previously thought, persisting into late 2017 as demand growth slumps and supply proves resilient, the International Energy Agency said.
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New brand of Iranian oil will enter world markets
EghtesadOnline: New brand of Iranian oil will enter world markets by end of this year on March 20, Director of the International Affairs Department of National Iranian Oil Company Mohsen Ghamsari said.
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Oil Markets Look Beyond Foiled Turkey Coup
EghtesadOnline: Oil prices fell on Monday as traders shrugged off the impact of the attempted coup in Turkey and the market turned its attention to bearish fundamentals, while disruptions to crude exports in Libya lent prices some support.