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Oil prices experienced their worst annual loss since 2015

January 2, 2019
Recap: After rising to their highest level in 3 years, oil prices experienced their worst annual loss since 2015, with WTI finishing the year down 24.8 percent and Brent falling 19.5 percent on the year. This year’s slide, which began in the fourth quarter, ended a 2 ½ year recov ... Read More
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Oil prices were pressured by a volatile U.S. equities market and varying U.S. inventory reports

December 31, 2018
Recap: Oil prices firmed on Friday, after a several days of unstable trading, after being pushed and pulled by a volatile U.S. equities market, varying U.S. inventory reports, and supply/demand concerns. February WTI traded as high as $46.50 a barrel, a gain of 4.2%, before parin ... Read More
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Oil prices were pressured by concerns over a faltering global economy

December 28, 2018
Recap: After staging a comeback on Wednesday, oil prices reversed course on Thursday, with prices falling on pressure by concerns over a faltering global economy and worries about a glut in crude supply. According to the U.S. Conference Board, U.S. consumer confidence fell 8.9 po ... Read More
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Alexander Novak expects oil prices to become more stable in the first half of 2019

December 27, 2018
Recap: Oil prices surged on Wednesday, after falling close to $40.00 a barrel in WTI and $50.00 a barrel in Brent the previous session. WTI traded up 9.8 percent, to a high of $46.71 after losing 6.7 percent and closing at $42.53 a barrel on Monday. Brent recaptured 8 percent of ... Read More
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Oil prices fell to their lowest level in 17-months

December 26, 2018
Recap: After trading slightly higher in overnight trading, oil prices reversed course and fell to their lowest level in 17-months, as traders squared books ahead of the upcoming Christmas Holiday and year end. February WTI fell 75 cents, to a low of $45.13 a barrel, while Februar ... Read More
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On Thursday, oil prices reached their lowest level in a year

December 21, 2018
Recap: Oil prices fell 5% on Thursday, reaching their lowest level in a year. Prices tumbled as the stock market sank amid heightened concern over the global economy and its impact on demand. February WTI fell $2.50 or 5.1% to a low of $45.67 a barrel, while February Brent slippe ... Read More
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The EIA report showed a draw of 497,000 barrels in U.S. crude oil inventories

December 20, 2018
Recap: After falling over 7% the previous session, oil prices rose Wednesday in response to the EIA report, which reflected a draw of 497,000 barrels in U.S. crude oil inventories. This was in stark contrast to the 3.5 million barrel build reported by the API on Tuesday afternoon ... Read More
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Crude oil prices fell on Tuesday due to signs of a weakening global economy

December 19, 2018
Recap: Crude oil prices plummeted on Tuesday on signs of a weakening global economy, amidst increasing inventories and forecasts of record U.S. and Russian output. WTI fell as much as 8.1 percent, to trade at $45.79 a barrel, the lowest level for a spot WTI futures contract since ... Read More
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Stocks fell amid growing concern over global economic growth and its impact on demand

December 18, 2018
Recap: After rising earlier in the session, oil prices plunged on Monday, as stocks fell amid growing concern over global economic growth and its impact on demand, while supplies in the U.S. remain in abundance. WTI reached a low of $49.36, the lowest level for a spot contract si ... Read More
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Oil prices were pressured by falling equity markets and a stronger dollar

December 17, 2018
Recap: Oil prices fell on Friday, pressured by weak economic data out of China, falling equity markets and a stronger dollar. January WTI fell as much as 3%, hitting a low of $51.00, while Brent for February delivery slipped 2%, reaching a session low of $60.02. The drop in price ... Read More
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