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Surprise Crude Oil Draw Sends Oil Prices Higher

2/27/2019

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The API (American Petroleum Institute) reported a draw in gasoline inventories for the week ending February 22 in the amount of 3.8 million barrels. Analysts had estimated a draw in gasoline inventories of 1.686 million barrels for the week. WTI Crude is $56.54; Brent is $66.10 this morning.
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Source: OilPrice.com - By: Julianne Geiger - Image: File Photo
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Oil edges up to $65 as OPEC seen rebuffing Trump pressure

2/26/2019

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Oil is up about 20 percent since the start of the year, when OPEC and non-member producers, such as Russia, began cutting production in an effort to reduce a global glut. WTI Crude is $55.31; Brent is $65.01 this morning.
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Source: Reuters.com - By: Alex Lawler - Image: Lucy Nicholson
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Goldman Sachs says near-term oil view modestly bullish on tightening market

2/25/2019

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OPEC and its allies, including Russia, agreed in December to cut oil production steeply under a global supply deal to prevent a glut this year. WTI Crude is $57.43; Brent is $67.13 this morning.
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Source: Reuters.com - By: K. Sathya Narayanan in Bengaluru - Image: Sergei Karpukhin
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Oil reaches more than three-month highs on U.S.-China trade hopes

2/22/2019

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U.S. crude output has soared by almost 2.5 million bpd since the start of 2018 and by a whopping 5 million bpd since 2013. America is the only country to ever reach 12 million bpd of production. WTI Crude is $57.43; Brent is $67.38 this morning.
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Source: Reuters.com - By: Laila Kearney - Image: Todd Korol
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Oil off 2019 highs as U.S. crude stocks build, output hits record

2/21/2019

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The main factor keeping oil prices from rising even further is soaring U.S. output. Growing to a record 11.9 million bpd last year resulted in U.S. stocks rising by 1.3 million barrels to 448.5 million barrels weekly according to the American Petroleum Institute on Wednesday. WTI Crude is $57.40; Brent is $67.17 this morning.
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Source: Reuters.com - By: Laila Kearney - Image: Todd Korol
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Redhawk Investment Group, LLC offers direct and alternative  oil and gas investment opportunities that  enable investors to participate in the potential cash flow and the unique tax benefits associated with oil and gas investments. There are significant risks associated with investing in oil and gas offerings. The information contained in this website is for informational purposes only and is not a solicitation to buy or sell any securities. Information on this site is not intended to be used as investment or tax advice. Consult your investment advisor or tax advisor concerning the current tax laws and effects on your personal tax situation.​

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  • Home
  • About
    • Our Leadership
    • Our Investors
  • Offerings
    • Current Offerings
    • Closed Offerings >
      • Redhawk Resources - Fund I, LP
      • Redhawk Resources - Fund II, LP
      • Redhawk Resources - Fund III, LP
      • Redhawk Minerals Fund I, LP
  • Redhawk Blog
  • News
  • Video Library
  • Contact