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Oil prices headed lower early in the session on Wednesday

February 22, 2018
Recap: Oil prices headed lower early in the session on Wednesday, following a mixed move on Thursday. The ease came as the dollar strengthened amid expectations that U.S. crude oil inventories increased. Both blends fell to their lowest level in three days before diverting from o ... Read More
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Both gasoline and heating oil were up 3% for the week

February 20, 2018
Recap:  After falling in overnight trading, WTI rebounded, hitting a high of $61.99 on Friday, its highest level in a week. The up move was fueled by a weaker dollar, which fell to its lowest level in three years. As the dollar pared losses, oil prices slipped but held on to week ... Read More
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OPEC lead production cuts remain overshadowed by robust U.S. production

February 16, 2018
Recap: Oil prices slipped in overnight trading however, WTI gained has the dollar weakened while Brent came under pressure as OPEC lead production cuts remain overshadowed by robust U.S. production. The early morning sell-off was attributed to Wednesday’s rebound being perhaps a ... Read More
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IEA raised its forecast for non-OPEC production, which put pressure on oil prices early in the session

February 14, 2018
Recap: Citing ever mounting U.S. shale production, the IEA raised its forecast for non-OPEC production, which in turn put pressure on oil prices early in the session. March WTI fell as much as 1.5%, while April Brent dipped as much as 1.3% during the trading session. Weakness in ... Read More
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Rising U.S. production continued to pressure oil prices

February 9, 2018
Recap: Rising U.S. production continued to pressure oil prices, pushing both blends to their lowest level in six weeks and their fifth straight session of losses. After a brief stint above unchanged, March WTI slipped as much as 1.1%, while Brent slipped 1.2%. An attempt to sever ... Read More
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EIA report indicated US crude oil stockpiles increased by 1.9 million barrels

February 8, 2018
Recap: Oil prices rescinded early gains after the EIA report indicated U.S. crude oil stockpiles increased by 1.9 million barrels, as opposed to the 1.1 million barrel decline reported by the American Petroleum Institute. April Brent was trading close to $68 a barrel, while March ... Read More
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Oil prices were dragged lower by weakness in global stocks

February 7, 2018
Recap: Oil prices fell as much as 1.6% on Tuesday, dragged lower by weakness in global stocks. Brent fell to a five week low, while WTI settled below $63.67, the bottom of an area of congestion. Gains were slightly pared, with WTI settling at $63.39 a barrel, down 76 cents, or 1. ... Read More
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Oil prices fell for the second time in seven weeks

February 5, 2018
Recap:  Oil prices fell for the second time in seven weeks, pressured by strength in the, dollar following a stellar U.S. jobs report. Friday’s sell-off stymied the rally that began at the onset of the New Year, which was sparked by healthy global demand and OPEC’s adherence to o ... Read More
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The market appears to be rebalancing sooner than expected

February 2, 2018
Recap: Oil prices bounced on Thursday, having been propped up by several factors. Among these factors were signs that OPEC members are adhering to their agreed upon output cuts, Goldman Sachs raising its price forecast for Brent from $62 a barrel to $82.50 a barrel and strong pro ... Read More
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Oil prices are beginning to show signs of weakening

January 31, 2018
Recap: After rising to 3-year highs, oil prices are beginning to show signs of weakening, as investors exit record length and U.S. production continues to strengthen. Prices may very likely be in a corrective phase, as it appears that price movement has gotten ahead of the true u ... Read More
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