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[Myra Saefong, MarketWatch] Disruptions in Libya add further support to oil. Oil prices rallied Wednesday, settling at their highest level in roughly three weeks after data from the Energy Information Administration showed a weekly rise in U.S. crude inventories that was below some market forecasts, along with bigger-than-expected declines in gasoline and distillate stockpiles. Disruptions […]

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[Daniel J. Graeber, UPI] Brexit concerns, U.S. oil inventories and production problems for OPEC members are all in play, according to market analysts. Traders shrugged off data indicating supply-side strains to focus more on lower production from OPEC members, sending oil prices higher early Wednesday. Crude oil prices posted gains Tuesday after a review of […]

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[Myra Saefong, MarketWatch] Oil prices climbed Tuesday, buoyed by disruptions to Libyan crude production and talk of a six-month extension to an OPEC-led pact to limit global output. May West Texas Intermediate crude oil CLK7, +1.93% —the U.S. benchmark—traded 43 cents, or 0.9%, higher at $48.16 a barrel on the New York Mercantile Exchange, after […]

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Help Support Man’s Best Friend!

On March 27, 2017 - 4:31 PM By

[PRICE Links Video] Phil Flynn chats with Cathy Stein, Director of Training at Lincolnwood Training Club, about the risks being taken by service German Shepherds in the line of duty and how you can help protect them through charity by helping purchase protective vests. Futures and options trading involves substantial risk of loss and may […]

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[Daniel J. Graeber, UPI] Crude oil prices drifted lower in early Thursday trading as investors remained cautious about U.S. economic trajectory ahead of a pivotal vote on health insurance. Crude oil prices faced lingering pressure in the previous session on signs of ongoing supply-side pressures despite efforts by the Organization of Petroleum Exporting Countries to […]

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[Myra P. Saefong and Victor Reklaitis, MarketWatch via Morningstar] EIA data show hefty rise in U.S. crude, drop in gasoline supplies Oil prices on Wednesday finished lower as U.S. government data showed crude stockpiles at a record, but a larger-than-expected decline in gasoline inventories capped losses. Expectations of higher demand for gasoline during the summer […]

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[By Daniel J. Graeber, UPI] The price for Brent crude oil is threatening to dip below the psychological level of $50 per barrel. March 22 (UPI) — Questions about Trump-era economic trends and concerns about a glut of oil in the market pushed crude oil prices sharply lower in early Wednesday trading. S&P Global Platts […]

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[Myra Saefong, MarketWatch via Fox Business] Oil prices nearly erased earlier losses Wednesday afternoon. Prices had been set to settle at their lowest level since late November after U.S. government data revealed a rise of 5 million barrels in crude supplies to a record 533.1 million barrels for the week ended March 17. But the […]

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[Allen Sykora, Kitco News] Large speculators exited from bullish gold positions in the run-up to last week’s Federal Reserve meeting, weekly positioning data from the Commodity Futures Trading Commission show, but analysts say these traders are likely already returning to gold again. The most recent CFTC report is for the week through March 14, the […]

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[Daniel J. Graeber, UPI] Brent crude oil could drop back under $50 per barrel and erase some of the gains for the year. Oil prices moved lower Tuesday, with the price for Brent threatening to break under $50 per barrel after OPEC revealed data on production cut compliance. Crude oil prices traded in a narrow […]

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Oil Futures End Down

On March 14, 2017 - 6:47 AM By

[George Orwell, DTN] New York Mercantile Exchange oil futures settled lower Monday afternoon, with West Texas Intermediate edging down for its sixth consecutive session decline to a fresh 3-1/2 month low on the spot continuous chart. ULSD futures also settled at a fresh 3-1/2 month low, ending down fractionally, while RBOB futures lost the most […]

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[Ben Sharples and Jessica Summers, Bloomberg]
Oil hovered near $49 a barrel as U.S. drillers boosted activity, countering OPEC’s efforts to help reduce a global glut. Futures were little changed in New York after falling 9.1 percent last week, the biggest weekly loss since November. Rigs targeting crude in the U.S. rose to the […]

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