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Oil prices rose to their highest level in a month

August 30, 2018
Recap: Oil prices rose to their highest level in a month, after the EIA report showed U.S. crude oil inventories fell 2.6 million barrels, higher than the expected 1 million barrels. October WTI settled at $69.51, a barrel, up 98 cents, or 1.4%. This was the highest settlement fo ... Read More
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The U.S.-Mexico trade deal is expected to prop up demand for oil

August 29, 2018
Recap: Oil prices slipped on Tuesday, stemming a two-day ascent, as traders turned toward profit taking ahead of this week’s inventory reports. The downward move was kept at bay by the weakness in the dollar and by the U.S-Mexico trade deal, which is expected to prop up demand fo ... Read More
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Traders remain on edge as they await the outcome of trade wars between China and the U.S

August 28, 2018
Recap: Oil prices finished higher on Monday, with WTI experiencing an inside trading session, and Brent rising to a seven-week high. Prices gained support on fresh trade talks between the U.S. and Mexico, which would nullify the North American Free Trade Agreement. A new trade de ... Read More
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There was a cut of 9 U.S. drilling oil rigs in the week ending August 24th

August 27, 2018
Recap: Oil prices continued to forge ahead Friday on reports China will resume the purchase of U.S. crude oil in October, and on heightened concern U.S. sanctions against Iran could lead to supply shortages. Adding to the higher move was a cut in U.S. oil drilling rigs, which fel ... Read More
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Trade tensions between China and the U.S. pressured commodities across the board

August 24, 2018
Recap: Oil prices fell from a 2-week high, as escalating trade tensions between China and the U.S. pressured commodities across the board. The commencement of the tariffs is expected to hamper demand for oil, which overturned the bullish reaction to this week’s U.S. inventory rep ... Read More
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Prices were spurred higher by the 5.8 million barrel draw in U.S. crude oil inventories

August 23, 2018
Recap: Oil prices climbed 3% on Wednesday, with WTI experiencing its largest one day gain in almost two-months, while Brent rose to its highest level in two-weeks. Prices were spurred higher by the larger than expected 5.8 million barrel draw in U.S. crude oil inventories. Expect ... Read More
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Oil prices were pushed higher due to concerns over supplies and a weak dollar

August 22, 2018
Recap: Concerns about tightness in supplies combined with a weak dollar pushed oil prices higher on Tuesday, making this the fourth straight session prices rose. Despite the lack of fresh fundamentals, oil prices continue to experience volatility, as rhetoric over global trade wa ... Read More
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Concerns shifted away from trade wars between China and the U.S. to possible U.S. sanctions against Iran

August 21, 2018
Recap: Oil prices rose on Monday, stemming three weeks of losses, as concern shifted away from trade wars between China and the U.S. to possible U.S. sanctions against Iran. The focus is now on supply shortages rather than economic growth, which is expected to slow due to the tra ... Read More
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The market started to retrace its losses after the US and China said they would resume talks over their trade dispute

August 20, 2018
Recap: The crude market traded higher on Friday as it continued to retrace some of its recent sell off.  Prices this week were weighed down by the Turkish currency crisis, a stronger dollar, signs of weaker global demand and the unexpected build in crude stocks.  However, the mar ... Read More
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Investors are concerned over the currency crisis in Turkey

August 17, 2018
Recap: The oil market opened 6 cents lower and sold off to a low of $64.43 in overnight trading as it remained pressured following Wednesday’s sharp losses.  However, the market bounced off its low and retraced some of its previous losses.  The market rallied to $65.50 by mid-day ... Read More
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