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Both WTI and Brent opened the session trading higher on the day

August 28, 2019
Recap: Oil prices rebounded on Tuesday, finding support on calming U.S.-China trade-war fears and as prospects for a deal that would allow Iran to resume some of its crude exports appeared to dim. Both WTI and Brent opened the session trading higher on the day and continued to cl ... Read More
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Losses were limited by growing hopes that the U.S. and China could meet a trade deal that would be satisfactory to both countries

August 27, 2019
Recap:  Oil prices gave up early gains to trade mostly lower on Monday after France’s president boosted hopes that a deal between the U.S. and Iran could be struck however; losses were limited by growing hopes that the U.S. and China could meet a trade deal that would be satisfac ... Read More
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China announced plans for retaliatory import tariffs on about $75 billion worth of U.S. goods

August 26, 2019
Recap: Oil prices fell on Friday after China announced plans for retaliatory import tariffs on about $75 billion worth of U.S. goods, including crude oil. This put U.S. oil prices on a path toward the year’s lows near $50 a barrel. The U.S. benchmark was hit the hardest, with Oct ... Read More
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The EIA report showed a 2.7 million barrel decrease

August 23, 2019
Recap: Oil prices weakened on Thursday, pressured by worries about the global economy and lower equity markets, as uncertainty over the outlook for U.S. interest rate cuts left investors on edge. Traders were still focused on the EIA report released Wednesday, which showed a 2.7 ... Read More
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The U.S. government reported a weekly decrease in domestic crude supplies

August 22, 2019
Recap: Trading was mixed on Wednesday, with WTI trading higher in early trading before the U.S. government reported a weekly decrease in domestic crude supplies, the first in three weeks, but the decline was smaller than the market expected, and as a result WTI slipped. Brent ope ... Read More
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Trade tensions between the U.S. and China raised fears of a slowing global economy

August 21, 2019
Recap: Oil futures retreated in early trading on Tuesday, as prices followed lower equity markets. Demand concerns became the focal point of Tuesday’s session, as trade tensions between the U.S. and China raised fears of a slowing global economy. Losses were capped by hopes that ... Read More
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Oil futures rose on Monday following the weekend attack on a Saudi oil facility by Yemen’s Houthi forces

August 20, 2019
Recap: Oil futures rose on Monday following the weekend attack on a Saudi oil facility by Yemen’s Houthi forces and a rally in equities from growing expectations that global economies would take action to counteract slowing global growth. In what was a volatile trading session, a ... Read More
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OPEC lowered its outlook for demand growth due to a slowing global economy

August 19, 2019
Recap: Oil prices rose on Friday, but gains were pared after OPEC lowered its outlook for demand growth due to a slowing global economy. In early morning trading, September WTI gained as much as $1.20, or 2.2% to trade at a session high of $55.67 a barrel, but by 9:10 a.m. EST, t ... Read More
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Oil prices fell as much as 2.4% on Thursday

August 16, 2019
Recap: Oil prices fell as much as 2.4% on Thursday, pressured by growing concerns that a recession is on the horizon amidst U.S-China trade tensions. This follows Wednesday’s 3% drop due to the unexpected build in U.S. crude oil inventories. Uncertainty continues to drive this ma ... Read More
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Oil prices slipped on Wednesday due to an unexpected build in U.S. crude inventories

August 15, 2019
Recap: Oil prices slipped as much as 5% on Wednesday after global demand fears were revived by weak economic data from China and Europe and an unexpected build in U.S. crude inventories. September WTI fell as much as $3.13, or 5.4% to trade at $53.97 a barrel, by 1:18 p.m. EST, w ... Read More
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