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Oil prices rose on Monday as US and China begin trade talks

October 8, 2019
Recap:  Oil prices rose on Monday, as talks between China and the U.S. are about to get underway and as OPEC's September output posts the biggest month to month drop in 17 years. Traders are prepping for scheduled talks between the U.S. and China set for Thursday, which could hel ... Read More
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Oil prices closed lower on Friday, resulting in a second consecutive weekly loss

October 7, 2019
Recap:  Oil prices edged higher on Friday, although remained on track for a second consecutive weekly loss, as an increase in U.S. jobs eased financial market concerns that the slowing economy was on the brink of a recession amid lingering trade tensions. November WTI rose 90 cen ... Read More
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Oil prices fell early on Thursday to their lowest level since early August

October 4, 2019
Recap: Oil prices fell early on Thursday to their lowest level since early August as mounting evidence of a global economic slowdown and rising U.S. oil inventories more than offset all the price gains from last month’s attack on Saudi oil infrastructure. November WTI fell $1.65, ... Read More
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The EIA reported a 3.1 million barrel build in U.S. crude oil inventories

October 3, 2019
Recap: Oil prices fell further on Wednesday after the Energy Information Administration reported a 3.1 million barrel build in U.S. crude oil inventories, a stark contrast to the 5.92 million barrel draw reported by the American Petroleum Institute. Analysts had expected a 1.57 m ... Read More
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Ecuador announced that it plans to leave OPEC

October 2, 2019
Recap: Oil prices fell on Tuesday after a report by the ISM showed U.S. manufacturing activity falling to 47.8, its lowest level in 10-years and the second straight month, and as Ecuador announced that it plans to leave OPEC. While this is not a heck of a lot of oil, it means tha ... Read More
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The market was pressured as China’s economic outlook remained weak even as manufacturing data improved

October 1, 2019
Recap: The oil market continued to trade lower, posting a lower high and a lower low for the fifth consecutive session.  The market was pressured as China’s economic outlook remained weak even as manufacturing data improved.  China warned of instability in international markets f ... Read More
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Oil prices declined in volatile trading on Friday

September 30, 2019
Recap: Oil prices declined in volatile trading on Friday, following a spate of news reports tied to Iranian sanctions, a cease-fire between Saudi Arabia and Yemen, and the U.S. considering limits on investment flows into China. Prices, which were already trading lower, off of the ... Read More
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Prices continue to feel the pressure from rising U.S. crude oil inventories

September 27, 2019
Recap: Oil futures slipped in early trading on Thursday, as prices continued to feel the pressure from rising U.S. crude oil inventories, amid record production. November WTI traded as low as $55.41 a barrel, down $1.08, or 1.9% by 10:58 a.m. EST, while November Brent fell 93 cen ... Read More
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The EIA reported a 2.4 million barrel build in U.S. crude oil inventories

September 26, 2019
Recap: Oil prices fell on Wednesday after the EIA reported a 2.4 million barrel build in U.S. crude oil inventories. Analysts had expected a decline of 190,000 barrels. November WTI, which was already trading $1.74, or 3% lower on the day, slipped an additional 36 cents to hit a ... Read More
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Iranian President Hassan Rouhani said he was open to discuss small changes to the 2015 nuclear deal if the U.S. lifted sanctions on his country

September 25, 2019
Recap: Oil prices declined on Tuesday after U.S. consumer confidence fell to 125.1 in September and after Iranian President Hassan Rouhani said he was open to discuss small changes to the 2015 nuclear deal if the U.S. lifted sanctions on his country. Also contributing to the slip ... Read More
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