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Oil prices bounced due to reports that OPEC and other major producers would consider making additional output cuts when they meet in December

October 23, 2019
Recap: Oil prices bounced on Tuesday on reports that OPEC and other major producers would consider making additional output cuts when they meet in December. Oil had been slightly higher earlier after China signaled progress in trade talks with the United States, but gains were ca ... Read More
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Oil prices turned lower on Monday on increasing signs that the global economy is weakening

October 22, 2019
Recap: Oil prices, which edged higher in early trading, turned lower on Monday on increasing signs that the global economy is weakening, which would have a negative impact on demand. Prices also slipped on signs that some major producers aren’t adhering to production agreements. ... Read More
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Gains were cut short by reports of slowing economic growth in China

October 21, 2019
Recap: Oil prices firmed early in trading on Friday with support tied to progress toward deals on U.S.-China trade talks and Brexit, as well as a weekly fall in U.S. inventories. November WTI traded at a session high of $54.62 a barrel, a gain of 69 cents, or 1.2%, while December ... Read More
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The EIA reported a 9.3 million barrel increase in U.S. crude oil inventories

October 18, 2019
Recap: Oil futures traded modestly lower Thursday, pressured after the EIA report revealed that U.S. crude supplies climbed for a fifth straight week, but found some support after news of a tentative Brexit deal offered a lift for assets perceived as risky, including oil. The EIA ... Read More
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Economic concerns and forecasts for increases in U.S. crude oil inventories continued to keep a lid on prices

October 17, 2019
Recap: Oil prices climbed higher on Wednesday, ending two straight sessions of declines on reports that OPEC could vote to further cut output at its December meeting, but economic concerns and forecasts for increases in U.S. crude oil inventories continued to keep a lid on prices ... Read More
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The International Monetary Fund said it sees global economic growth falling to a 3% rate this year

October 16, 2019
Recap: Oil prices fell for the second straight session after the International Monetary Fund said it sees global economic growth falling to a 3% rate this year, the slowest pace since the 2008 financial crisis and after weak economic data out of China gave rise to concern over en ... Read More
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Oil prices fell as much as 3.5% on Monday

October 15, 2019
Recap: Oil prices fell as much as 3.5% on Monday as the trade deal between the U.S. and China appeared to have taken a setback, as China has reportedly asked for additional talks with the U.S. before signing “phase one” of the trade deal announced on Friday, and as the Internatio ... Read More
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Traders responded to reports of an explosion on an Iranian tanker in the Red Sea

October 14, 2019
Recap: Oil prices rose on Friday, stemming four consecutive weeks of losses, as traders responded to reports of an explosion on an Iranian tanker in the Red Sea, while optimism rose surrounding the U.S. – China trade tensions. November WTI rose $1.32 or 2.4% to $54.87 a barrel, w ... Read More
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Oil prices rose after head of OPEC discusses actions to balance markets

October 11, 2019
Recap:  Oil prices rose on Thursday, supported by comments by the head of OPEC that the organization could take action to balance markets and that it will decide in December on supply for next year. Prices experienced a slow but steady climb throughout the session, with November ... Read More
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Oil prices moved higher as tensions between US and Chine decrease

October 10, 2019
Recap:  Trading in crude oil was choppy on Wednesday, as oil prices moved higher on signs that tensions between the U.S. and China were easing November WTI was trading at $53.15 a barrel just prior to the release of the EIA report but gradually rose 59 cents or 1.1% to a session ... Read More
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