Crude oil prices rose further today after the RJD registered a 1.1 million barrel oil draw for the week of December 25. A day earlier, the American Petroleum Agency also helped push up crude oil inventories by estimating a drop of 4.78585 million barrels in the same week. Last week, …
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By ZeroHedge – Oct Oct 08, 2020, 5:00 pm CDT Crude prices rose on Thursday, while OPEC said on Thursday that oil was “the worst” for the market. The next month’s crude contract rose 3.08% to 15.09 ET.241.22 following optimistic comments. Secretary-General Mohamed Barkindo said OPEC would continue to manage …
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It has been disappointing for the bulls that oil prices have failed to erupt in recent weeks, despite a flurry of positive news, including declining inventories and reports that OPEC + producers have mostly sticking to their promise cuts. And now the pendulum has swum to the opposite end and …
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After failing to achieve the slightest semblance of success in the two oil price wars it started – the first runs from 2014 to 2016, and the second runs from early March to effectively the end of April this year – one could assume that important lessons may have been …
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It is exactly four months since the historic oil price crash that sent crude prices into negative territory for the first time ever. Since then, WTI and Brent prices have made a nice recovery journey to trading at five-month highs. Optimism is slowly returning to the oil markets thanks to …
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