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OPEC indicated that it would most likely stick to current production cuts
May 21, 2019
Recap: After trading at their highest level in almost 3 weeks, oil prices eased on Monday as OPEC indicated it would most likely stick to current production cuts. June WTI hit a high of $63.81 a barrel, up $1.05, or 1.67%, while July Brent rose $1.18, or 1.6%, to a session high o ...
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Oil prices traded mostly flat in what was a volatile session
May 20, 2019
Recap: After moving higher in overnight trading on Friday, oil prices traded mostly flat in what was a volatile session. In early trading, July Brent was up 61 cents at $73.23 a barrel by 6:22 am EDT, while June WTI added 77 cents, to trade at a session high of $63.64 a barrel. ...
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Oil prices climbed for the third straight session on Thursday
May 17, 2019
Recap: Oil prices climbed for the third straight session on Thursday, as tensions in the Mid-East heated after a Saudi-led coalition launched air strikes on Iranian aligned Houthi forces in Yemen. June WTI was up $1.46, or 2.3 percent, at $73.36 a barrel by 11:26 EDT, its highest ...
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The EIA reported a 5.4 million barrel decrease in U.S. crude oil inventories
May 16, 2019
Recap: Oil prices rose on Wednesday, erasing early losses, as traders focused on rising tensions in the Middle East, despite the EIA reporting a 5.4 million barrel decrease in U.S. crude oil inventories. June WTI, which had fallen 1.5 percent to a session low of $60.85 prior to t ...
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Oil prices rose as much as 2 percent on Tuesday
May 15, 2019
Recap: Oil prices rose as much as 2 percent on Tuesday after Saudi Arabia said some of its oil infrastructure was attacked by drones, just two days after Saudi oil tankers were damaged off the coast of the United Arab Emirates. July Brent continued to climb higher in late afterno ...
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Oil prices were weighed down by macroeconomic pressures
May 14, 2019
Recap: After posting dramatic gains, oil prices sold off, weighed down by macroeconomic pressures. With equities down more than 2%, crude oil prices were unable to hold on to gains that followed an apparent attack on Saudi Arabian oil tankers near the Persian Gulf. June WTI gaine ...
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Trade tensions between China and the U.S. appear to be heating up
May 13, 2019
Recap: Oil prices were mixed on Friday, with WTI edging lower as trade tensions between China and the U.S. appear to be heating up. After gaining as much as 1.2 percent in early trading, June WTI succumb to pressure, falling from $62.49, the session high, to a low of $61.42. A fa ...
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Traders mulled over the effects that trade talks between China and the U.S. would have on demand
May 10, 2019
Recap: WTI fell on Thursday, while Brent tacked on a few pennies as traders mulled over the effects that trade talks between China and the U.S. would have on demand. In early trading, June WTI slipped $1.20, to a low of $60.92 a barrel by 10:40 am EDT, while July Brent traded at ...
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EIA reported a draw of 3.96 million barrels in U.S. crude oil inventories
May 9, 2019
Recap: Oil prices rose as much as 1.5 percent after the EIA released its report showing a draw of 3.96 million barrels in U.S. crude oil inventories. Analysts had expected an increase of 1.2 million barrels. June WTI rose 97 cents, to a session high of $62.37, by 11:24 a.m. EDT, ...
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Oil prices fell by more than 2 percent on Tuesday
May 8, 2019
Recap: Oil prices slipped by more than 2 percent on Tuesday, dragged lower by a slide in equities, amid heightened concern over trade talks between the U.S. and China. July Brent was down $1.86, or 2.6 percent, at $69.38 a barrel by 10:17 a.m. EDT, while June WTI was down $1.59, ...
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