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Oil prices fell as much as 7% on Tuesday

September 18, 2019
Recap: Oil prices fell as much as 7% on Tuesday, following a report that output at Saudi Arabia’s major crude facility, which was hit by a drone attack over the weekend, could resume within weeks, much quicker than originally expected. WTI for October delivery slipped to a low of ... Read More
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A weekend drone attack damaged 2 of Saudi Arabia’s state owned oil facilities

September 17, 2019
Recap: Oil prices spiked on Monday after a weekend drone attack damaged 2 of Saudi Arabia’s state owned oil facilities which account for nearly 10 million barrels of the country’s crude oil production. October WTI gained as much as $8.53, or 15.5%, to trade at a session high of $ ... Read More
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WTI and Brent posted sizable weekly falls

September 16, 2019
Recap: Oil futures finished lower on Friday, with both WTI and Brent posting sizable weekly falls as worries about a slowing global economy amidst the prospect of rising inventories overshadowed hints of progress in the U.S. - China trade dispute. October WTI fell 24 cents, or 0. ... Read More
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A meeting of OPEC and its allies ended without deeper cuts in output

September 13, 2019
Recap: Oil prices ended lower on Thursday, marking the third straight selloff, as a meeting of OPEC and its allies ended without deeper cuts in output, but with a pledge to “clean up compliance” in an effort to lower output by several hundred thousand barrels per day over the nex ... Read More
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Oil prices fell due to a report that President Trump is considering easing sanctions on Iran

September 12, 2019
Recap: Oil prices fell more than 2% on Wednesday after a report that President Trump is considering easing sanctions on Iran, which could increase global crude oil supplies. A weaker demand outlook from OPEC also fed the price decline, despite U.S. government data showing a fourt ... Read More
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The EIA cut its U.S. and global benchmark crude-price

September 11, 2019
Recap: U.S. oil futures turned lower Tuesday, as traders bet that the departure of U.S. National Security Adviser John Bolton will ease tensions with Iran, potentially leading to the lifting of sanctions, which could put more oil on the market. This, along with the EIA cutting it ... Read More
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Oil prices rose more than 2% on Monday

September 10, 2019
Recap: Oil prices rose more than 2% on Monday after the new Saudi energy minister reiterated his country’s commitment to OPEC+ and its policy of limiting crude oil output to support prices. October WTI climbed $1.64, or 2.9% to a session high of $58.16 a barrel, its highest level ... Read More
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The Baker Hughes report indicated the number of active rigs in the U.S. declined for the third straight week

September 9, 2019
Recap: After falling as much as 2.6%, oil prices reversed to the upside on Friday after the Baker Hughes report indicated the number of active rigs in the U.S. declined for the third straight week and after U.S. job growth slowed more than expected, falling for the seventh month ... Read More
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Oil prices rose to their highest level in 5 weeks

September 6, 2019
Recap: A rally in oil futures faded by the end of Thursday’s trading session, prompting U.S. prices to erase nearly all of their earlier gains as plans for U.S.-China trade talks next month failed to fully calm nervousness over the outlook for the global economy. With U.S. oil in ... Read More
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Oil prices fell as much as 4%

September 4, 2019
Recap: Oil prices fell sharply on Tuesday as an increase in tariffs on Chinese and American imports took hold this weekend, heightening fears about a global recession and as data showed U.S. manufacturing shrank in August for the first time in three years. Oil prices fell as much ... Read More
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