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U.S. Oil Prices Rise, but End 2018 Down 25%

12/31/2018

Oil took its cue from global stocks Monday at the end of a volatile holiday trading period that has seen equities and oil bounce between steep losses and steep gains. WTI Crude is $$46.28; Brent is $54.42 this morning. HAPPY NEW YEAR!!

Source: Wall Street Journal - By: Dan Molinski & Christopher Alessi - Graph: SIX

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Asia's Iran crude imports hit more than five-year low in November as sanctions bite

12/28/2018

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The Energy Information Administration (EIA) releases its report at 11 a.m. today reporting oil stock levels. U.S. sanctions on Iranian exports took effect last month with government and ship-tracking data showing buyers of Iranian oil in Asia hitting their lowest levels more than five years. WTI Crude is $44.72; Brent is $51.83.

Source: Reuters.com - By: Florence Tan & Yuka Obayashi - Image: Tim Chong

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Oil slips back toward 18-month lows on oversupply

12/27/2018

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Crude oversupply has combined with faltering investor sentiment in other asset classes, producing a bear market for oil. Traders need to apply more concrete evidence on improving fundamental metrics and for the supply-demand relationship to come back in balance. WTI Crude is $45.62; Brent is $53.59 this morning.