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UPDATE 7-Oil rises above $35 on dollar, potential producer meeting

*OPEC's Venezuela lobbies for producer meet to cut output. Crude rebounded from an earlier decline after an Iranian official was quoted as saying Tehran supported a meeting between OPEC and other oil producers- raising hopes they could take action to support prices despite widespread scepticism in the market. "Headlines continue to fly about an OPEC/ non- OPEC...
Source: Reuters | By: Alex Lawler
UPDATE 6-Oil slips below $35 on glut, scepticism over talk of producer meeting

*OPEC's Venezuela lobbies for producer meet to cut output. LONDON, Feb 4- Oil slipped below $35 a barrel on Thursday after the previous session's 7 percent jump, pressured by oversupply and scepticism that Venezuela's effort to lobby crude producers for output cuts would succeed. Brent crude was down 39 cents at $34.65 a barrel at 1332 GMT.
Source: Reuters | By: Alex Lawler
UPDATE 5-Oil slips below $35 on glut, scepticism over talk of producer meet

*OPEC's Venezuela lobbies for producer meeting to cut output. LONDON, Feb 4- Oil slipped below $35 a barrel on Thursday after the previous session's 7 percent jump, pressured by oversupply and scepticism that Venezuela's effort to lobby crude producers for output cuts would succeed. Brent crude was down 30 cents at $34.74 a barrel at 1149 GMT.
Source: Reuters | By: Alex Lawler
UPDATE 7-Oil gains after Russia says open to talking with OPEC

LONDON, Feb 3- Oil rose on Wednesday, paring earlier losses after Russia reiterated its openness to talking with OPEC about output cuts, which helped revive hope among investors that the world's largest producers could act to boost prices. Russian Foreign Minister Sergei Lavrov said if there is consensus among the Organization of the Petroleum Exporting...
Source: Reuters | By: Amanda Cooper
UPDATE 6-Oil rises after Russia says open to OPEC meeting

LONDON, Feb 3- Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with OPEC over output cuts helped revive hope among investors that the world's largest producers could act to boost prices. Russian Foreign Minister Sergei Lavrov said if there is consensus among the Organization of the Petroleum Exporting...
Source: Reuters | By: Amanda Cooper
UPDATE 10-Oil jumps after Russia dangles prospect of OPEC cooperation

*Russian govt, producers discuss possible coordination with OPEC. NEW YORK, Jan 27- Oil futures surged on Wednesday, after Russia said it was discussing the possibility of co-operation with OPEC, fanning hopes that a deal was in the works to reduce oversupply that sent prices the lowest levels in a dozen years last week. Top non- OPEC producer, Russia has in the past...
Source: Reuters | By: Devika Krishna Kumar
UPDATE 9-Oil soars 5 pct on output talks, spike in U.S. fuel demand

NEW YORK, Jan 27- Oil futures surged 5 percent on Wednesday, after Russia said co-operation with major oil producers was discussed and U.S. data showed a surprise spike in demand for products such as heating oil last week, when a massive blizzard hit the country. Russia's energy ministry said possible coordination between Russia and the Organization of the...
Source: Reuters
UPDATE 8-Oil rallies after U.S. data shows spike in product demand

LONDON, Jan 27- Oil futures rallied back above $32 a barrel on Wednesday, after U.S. data showed a jump in weekly demand for products such as heating oil when a cold front hit the country, although analysts said the rise in prices may not last long. "The draw in distillate stocks is bullish, but we know there was cold weather in the United States in the last week, so I would...
Source: Reuters | By: Amanda Cooper
Oil settles at $32.30, up 21% from recent closing low

Oil surged on Wednesday as Russia said it was discussing the possibility of co-operating with OPEC, raising hopes they would act to reduce oversupply.
Source: Reuters
UPDATE 13-Oil surges on hopes for output cuts to trim glut

*Iraq sees some flexibility for OPEC, non- OPEC deal. NEW YORK, Jan 26- Oil prices jumped on Tuesday as investors hoped OPEC and non- OPEC producers were inching closer to a deal to reduce output amid one of the biggest supply gluts in decades, and news that U.S. oil company Hess Corp planned to slash capital spending. Crude surged after the Organization of the Petroleum...
Source: Reuters | By: Devika Krishna Kumar