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Oil slides 2% to 12-week low on fears of global recession

* Recession fears continue to weigh on prices * Dollar holds near 20-year high against other currencies * China reports new COVID-19 cases across the country * Norwegian oil output to return within days after strike * Russian court orders halt to Caspian oil pipeline * Upcoming - U.S. oil inventories from API By Scott DiSavino NEW YORK, July 6 (Reuters) - Oil prices slid about 2% to a 12-week low in volatile trade on Wednesday, extending the prior session's heavy losses as investors grew more wo
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Oil tumbles 9% on recession demand destruction fears

* Oil sees biggest daily percentage drop since March * China's Shanghai announces two new rounds of mass COVID testing * Euro back at 2002 levels, dollar up on safe-haven demand * Trading declines spread to natural gas, gasoline, heating oil * Norway government stops strike in oil and gas sector, union says By Laila Kearney NEW YORK, July 5 (Reuters) - Oil plummeted about 9% on Tuesday in the biggest daily drop since March on growing fears of a global recession and lockdowns in China that could
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Norway oil and gas workers end strike as government steps in

* Government has power to intervene * Strike was set to gradually escalate during the week * Gas exports could have been cut by almost 60% * Impact on Europe would have been dramatic -minister By Gwladys Fouche, Nora Buli and Victoria Klesty OSLO, July 5 (Reuters) - The Norwegian government on Tuesday intervened to end a strike in the petroleum sector that had cut oil and gas output, a union leader and the labour ministry said, ending a stalemate that could have worsened Europe's energy supply c
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Oil falls 3% on uncertainty over future OPEC+ output, recession fears

* OPEC+ sticks to oil output policy, avoids debate on September * Recession fears weigh on oil prices, Wall Street * Some Norway oil workers to strike from July 5 (Updates prices, market activity) By Stephanie Kelly NEW YORK, June 30 (Reuters) - Oil prices sank around 3% on Thursday as OPEC+ confirmed it would only increase output in August as much as previously announced despite tight global supplies, but left the market wondering about future output.
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UK Stocks-Factors to watch on June 28

June 28 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening higher on Tuesday, with futures FFIc1 up 0.49%. * HEATHROW: London's Heathrow Airport will be forced to lower the landing fees it charges airlines over the next four years after Britain's aviation regulator responded to pressure from airlines over the cost of flying at the hub. * PETROFAC: Petrofac Ltd PFC.L said its half-year trading was in line with expectations, as an upswing in oil prices raised demand.
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