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U.S. crude oil inventory increased by 2.2 million barrels

November 15, 2019
Recap: Crude oil prices pared early gains after the EIA reported a larger than expected build in U.S. crude oil inventories. For the week ending November 8, U.S. crude oil inventory increased by 2.2 million barrels, the U.S. Energy Information Administration said on Thursday. Ana ... Read More
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U.S. shale oil production could grow by much less than expected in 2020

November 14, 2019
Recap: Oil prices climbed higher on Wednesday, erasing two days of losses after OPEC said it saw no signs of global recession and that U.S. shale oil production could grow by much less than expected in 2020. Also supporting prices were comments by U.S. Federal Reserve Chair Jerom ... Read More
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Oil prices shifted to the downside on Tuesday

November 13, 2019
Recap: Oil prices shifted to the downside on Tuesday after experiencing about a 1% rise earlier in the session following a speech by U.S. President Donald Trump in which he offered few new details about the trade talks between the U.S. and China. In overnight trading, December WT ... Read More
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Trade talks between the U.S. and China continued to spread fear about demand

November 12, 2019
Recap: Oil prices finished lower on Monday as trade talks between the U.S. and China continued to spread fear about demand. On Saturday, U.S. President Donald Trump said negotiations between China and the U.S. were going "very nicely," but he said recent reports about an agreemen ... Read More
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Oil prices fell more than 2% early in the session

November 11, 2019
Recap: Oil prices seesawed on Friday, falling more than 2% early in the session following comments from U.S. President Donald Trump that he has not agreed to roll back tariffs on China.  December WTI slipped $1.39, or 2.4%, to a session low of $55.76 a barrel, while January Brent ... Read More
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Oil futures increased after China and the U.S. agreed to lift existing tariffs if a partial trade deal is struck soon

November 8, 2019
Recap: Oil futures climbed on Thursday after China and the U.S. agreed to lift existing tariffs if a partial trade deal is struck soon, signaling that trade talks are progressing and providing an upbeat backdrop for crude demand. WTI for December delivery rose $1.53, or 2.7%, to ... Read More
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Oil prices fell after a larger-than-expected build in U.S. crude inventories

November 7, 2019
Recap: Oil prices fell on Wednesday after a much larger-than-expected build in U.S. crude inventories and after Reuters reported that the signing of a U.S.-China trade deal could be delayed until December. Oil prices, which were trading higher on the day, slipped after the EIA re ... Read More
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Oil prices continued to rise on Tuesday

November 6, 2019
Recap: Oil prices continued to rise on Tuesday on growing optimism surrounding the U.S.-China trade talks and as U.S. stocks reached fresh record highs. WTI for December delivery gained 69 cents, or 1.2%, to settle at $57.23 a barrel, while January Brent rose 83 cents, or 1.34%, ... Read More
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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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