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The market remained pressured by the larger than expected build in crude stocks

November 30, 2018
Recap: The oil market on Thursday continued to trade lower and breached the $50 level for the first time since October 2017.  The market posted a low of $49.41 as the market remained pressured by the larger than expected build in crude stocks and Saudi Arabia’s insistence that it ... Read More
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There was a 3.6 million barrel build in U.S. crude oil inventories

November 29, 2018
Recap: In its initial reaction to the larger than expected 3.6 million barrel build in U.S. crude oil inventories, January WTI slipped to a fresh session low of $50.61, only to sharply rebound as the dollar traded lower and equities rose. This spot futures contract rose 3% off th ... Read More
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U.S. oil fell below unchanged but gathered strength in overnight trading

November 28, 2018
Recap: Oil prices were all over the place on Tuesday as traders grappled with record Saudi production and expectations that oil exporters could agree to cut production at the upcoming OPEC meeting. At the onset of trading, U.S. oil dipped below unchanged but gathered strength in ... Read More
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U.S. oil prices posted their largest one day gain in eight weeks

November 27, 2018
Recap: After slipping to their lowest level in 13 months, U.S. oil prices posted their largest one day gain in eight weeks, with the January contract tipping the session at $52.25 a barrel. Behind the move was talk of a meeting between Russia and the Saudi’s taking place this wee ... Read More
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There was a 4.9 million barrel build in U.S. crude oil inventories

November 26, 2018
Recap: After falling to levels not seen in months, oil prices recovered on Wednesday, after the EIA report reflected strong demand for gasoline and diesel. In its immediate reaction to the 4.9 million barrel build in U.S. crude oil inventories, January WTI briefly slipped below $ ... Read More
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Oil prices fell to their lowest level in almost a year

November 21, 2018
Recap: Oil prices fell to their lowest level in almost a year, as the stock market plunged 9 percent on growing concern over slowing global economic growth. Amid the uncertainty, financial traders have become wary of oil markets, seeing further downside risk to prices from the gr ... Read More
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Crude oil continues to experience wild swings

November 20, 2018
Recap: Crude oil continues to experience wild swings, as investors grapple with an oversupplied market amid U.S. lead sanctions against Iran and possible production cuts from OPEC. U.S. oil gapped higher on the open, but quickly turned lower as mounting supplies added pressure. J ... Read More
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Talk of production cuts provided a lift for oil prices

November 19, 2018
Recap: U.S. crude oil closed in on the $58.00 level in early trading, but was unable to sustain strength. By midday, December WTI fell below unchanged, posting a session low of $55.89. While talk of production cuts provided a lift, the rise in the U.S. active rig count kept gains ... Read More
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The EIA reported a 10.3 million barrel build in U.S. crude oil inventories

November 16, 2018
Recap: Crude oil prices continued to bounce from the extreme sell-off made earlier in the week despite the 10.3 million barrel build in U.S. crude oil inventories as reported by the EIA. The significant stockpile build, combined with growing concern about weakening global demand ... Read More
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Oil markets continued downward spiral for 12th consecutive trading session

November 14, 2018
Recap:  The oil markets continued to be in an unrelenting downward spiral for the 12th consecutive trading session Tuesday, as speculative traders continued flee this market. The U.S. oil markets saw two bursts of selling, the first came around 10 AM EST as the downward trend lin ... Read More
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