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Commodity prices fell across the board on Monday

September 21, 2021
Recap: Commodity prices fell across the board on Monday amid concern over the economic health of China, as property giant Evergrande dragged down global financial markets. This raised concern, as China is a global swing demand center for crude oil. Crude oil futures fell, as the ... Read More
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Energy companies in the U.S. Gulf of Mexico restarted after back-to-back hurricanes in the region shut output

September 20, 2021
Recap: Oil prices turned softer on Friday as energy companies in the U.S. Gulf of Mexico restarted after back-to-back hurricanes in the region shut output. As of Thursday, about 28% of U.S. Gulf of Mexico crude production remained offline, two-and-a-half weeks after Hurricane Ida ... Read More
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Oil futures erased earlier losses

September 17, 2021
Recap: Oil futures erased earlier losses while investors weighed the expiration of crude oil options as well as the impact of mixed U.S. economic data. After declining as much as 1.5% on Thursday, crude oil futures reversed to the upside after U.S. retail sales unexpectedly incre ... Read More
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Oil futures settled at their highest level since July

September 16, 2021
Recap: Oil futures settled at their highest level since July, after U.S. crude oil inventories fell for the sixth straight week. Subdued refinery runs and limited production led to a 6.4 million barrel drop in domestic crude oil supplies, as the Gulf of Mexico was hit with a powe ... Read More
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Oil futures rose for the third straight session on Tuesday

September 15, 2021
Recap: Oil futures rose for the third straight session on Tuesday, as Nicholas weakened to a tropical storm and the IEA said demand would rebound in the remainder of the year. The Gulf region is recovering from Hurricane Ida, with more than 40% of its oil and gas output still shu ... Read More
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WTI rose above $70 a barrel on Monday

September 14, 2021
Recap: WTI rose above $70 a barrel on Monday, for the first time since early August, as almost half of the production in the Gulf of Mexico remains shut in following Hurricane Ida that spilled through the region just two weeks ago. This combined with OPEC raising its 2022 estimat ... Read More
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Oil futures rose due to increasing signs of supply shortages as a result of Hurricane Ida

September 13, 2021
Recap: Oil futures rose on Friday, lifted by increasing signs of supply shortages as a result of Hurricane Ida and as U.S.-China trade hopes gave riskier assets a boost. Approximately three quarters of production in the U.S. Gulf Coast remains offline since being hit by the hurri ... Read More
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The EIA reported that crude oil stockpiles fell 1.53 million barrels

September 10, 2021
Recap: After bouncing around a bit on Thursday, oil futures turned to the downside after China’s decision to open its strategic crude reserves, hinting that it would not hesitate to intervene in markets to lower domestic prices. Oil prices had briefly traded to the upside after t ... Read More
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Oil futures rebounded after three straight days of losses

September 9, 2021
Recap: Oil futures rebounded after three straight days of losses, as U.S. Gulf of Mexico producers made slow progress in restoring output after Hurricane Ida and protestors blocked exports from two Libyan ports. Producers in the Gulf are still struggling to restart operations nin ... Read More
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Production in the Gulf of Mexico is still hindered by the effects of Hurricane Ida

September 8, 2021
Recap: The slide in oil prices that began last week continued throughout Tuesday’s session after it was reported that Saudi Arabia made deep cuts to crude oil contract prices for Asia. State run oil group, Saudi Aramco announced on Sunday it will cut October official selling pric ... Read More
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