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Oil prices rose toward 6-week highs on Monday

November 5, 2019
Recap: Oil prices rose toward 6-week highs on Monday, supported by hopes that a preliminary U.S.-China trade deal would soon be reached. WTI traded at a session high of $57.43 a barrel, its highest in more than a month as market optimism about progress in U.S.-China trade negotia ... Read More
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Oil prices rose by more than 2% on stronger than expected economic data out of the U.S. and China

November 4, 2019
Recap: Oil prices rebounded on Friday, rising by more than 2% on stronger than expected economic data out of the U.S. and China and on signs of progress in the U.S. – China trade talks. After the release of the U.S. jobs report, December WTI rose $1.26, or 2.3%, to $55.44 a barre ... Read More
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Oil prices fell on Thursday, marking the fourth consecutive session of declines

November 1, 2019
Recap: Oil prices fell on Thursday, marking the fourth consecutive session of declines, after a round of lackluster factory data out of China, and a news report that said Chinese officials have doubts over prospects for a long-term trade deal with the U.S. December WTI fell $1.35 ... Read More
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The EIA reported a 5.7 million barrel build in U.S crude oil inventories

October 31, 2019
Recap: Oil prices fell on Wednesday as worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand, and after the EIA reported a 5.7 million barrel build in U.S crude oil inventories. Analysts were expecting a build of 729,000 barrels. D ... Read More
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Prices were pressured by expectations for a rise in U.S. crude inventories

October 30, 2019
Recap: Oil futures came under pressure in early trading on Tuesday, as prices were pressured by expectations for a rise in U.S. crude inventories and remarks that cast doubt on Russia’s enthusiasm for deeper production cuts as part of its agreement with OPEC. However, these early ... Read More
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Brent and WTI rose to their highest levels in a month

October 29, 2019
Recap: Early in the session Brent and WTI rose to their highest levels in a month, hitting $62.34 and $56.92 per barrel, respectively. Pressure came as weak economic data out of China dimmed hopes for rising oil demand. Monday’s move stemmed four consecutive days of gains after O ... Read More
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Both WTI and Brent rallied to fresh session highs during the settlement period

October 28, 2019
Recap: During a choppy trading session on Friday, oil prices experienced a strong finish, with both WTI and Brent rallying to a fresh session high during the settlement period, as support from falling U.S. crude inventories, optimism over a U.S.-China trade deal and possible acti ... Read More
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Oil prices increased for the second straight session on Thursday

October 25, 2019
Recap: The prospect of increased output cuts by OPEC and its allies, along with the unexpected decline in U.S. crude oil inventories pushed oil prices higher for the second straight session on Thursday. December Brent was up 73 cents at $61.90 a barrel by 1:30 p.m. ET, while WTI ... Read More
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The EIA reported a surprise 1.7 million barrel draw in U.S. crude oil inventories

October 24, 2019
Recap: Oil prices rose to a three week high on Wednesday after the EIA reported a surprise 1.7 million barrel draw in U.S. crude oil inventories and as the prospect of deeper production cuts by OPEC and other major producers grew. Prices bounced off key technical numbers and cont ... Read More
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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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