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According to the EIA, U.S. crude oil inventories rose by 1.4 million barrels

November 21, 2019
Recap: Oil futures moved up on Wednesday, following a U.S. government report that showed domestic crude supplies up a fourth straight week, but by less than the six million-barrel jump reported by a trade group the day before. According to the EIA, U.S. crude oil inventories rose ... Read More
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Oil futures fell for a second day on Tuesday

November 20, 2019
Recap: Oil futures fell for a second day on Tuesday, with December WTI slipping toward key support set at $55.00 and January Brent falling below $61.00 a barrel. Pressure was provided by reports that Russia wasn’t likely to advocate for deeper output cuts during the upcoming Dece ... Read More
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The oil market remained well supported in overnight trading on hopes for a trade deal between the US and China

November 19, 2019
Recap:  Following last week’s gains, the oil market remained well supported in overnight trading on hopes for a trade deal between the US and China and the expectations that OPEC would extend its production cuts.  The crude market posted a high of $58.09 before the market gave up ... Read More
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U.S. crude oil inventory increased by 2.2 million barrels

November 15, 2019
Recap: Crude oil prices pared early gains after the EIA reported a larger than expected build in U.S. crude oil inventories. For the week ending November 8, U.S. crude oil inventory increased by 2.2 million barrels, the U.S. Energy Information Administration said on Thursday. Ana ... Read More
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U.S. shale oil production could grow by much less than expected in 2020

November 14, 2019
Recap: Oil prices climbed higher on Wednesday, erasing two days of losses after OPEC said it saw no signs of global recession and that U.S. shale oil production could grow by much less than expected in 2020. Also supporting prices were comments by U.S. Federal Reserve Chair Jerom ... Read More
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Oil prices shifted to the downside on Tuesday

November 13, 2019
Recap: Oil prices shifted to the downside on Tuesday after experiencing about a 1% rise earlier in the session following a speech by U.S. President Donald Trump in which he offered few new details about the trade talks between the U.S. and China. In overnight trading, December WT ... Read More
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Trade talks between the U.S. and China continued to spread fear about demand

November 12, 2019
Recap: Oil prices finished lower on Monday as trade talks between the U.S. and China continued to spread fear about demand. On Saturday, U.S. President Donald Trump said negotiations between China and the U.S. were going "very nicely," but he said recent reports about an agreemen ... Read More
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Oil prices fell more than 2% early in the session

November 11, 2019
Recap: Oil prices seesawed on Friday, falling more than 2% early in the session following comments from U.S. President Donald Trump that he has not agreed to roll back tariffs on China.  December WTI slipped $1.39, or 2.4%, to a session low of $55.76 a barrel, while January Brent ... Read More
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Oil futures increased after China and the U.S. agreed to lift existing tariffs if a partial trade deal is struck soon

November 8, 2019
Recap: Oil futures climbed on Thursday after China and the U.S. agreed to lift existing tariffs if a partial trade deal is struck soon, signaling that trade talks are progressing and providing an upbeat backdrop for crude demand. WTI for December delivery rose $1.53, or 2.7%, to ... Read More
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Oil prices fell after a larger-than-expected build in U.S. crude inventories

November 7, 2019
Recap: Oil prices fell on Wednesday after a much larger-than-expected build in U.S. crude inventories and after Reuters reported that the signing of a U.S.-China trade deal could be delayed until December. Oil prices, which were trading higher on the day, slipped after the EIA re ... Read More
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