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Oil extends multiday rally as U.S. crude supply data show sharp drop

8/22/2018

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​Oil prices spike as the American Petroleum Institute (API) reported US crude supplies fell by 5.2 million barrels for the week ended Aug. 17, compared to a forecast decline of about 3.4 million barrels, say analysts. Additional data from the Energy Information Administration (EIA) will be released Wednesday at 10:30 a.m. Eastern. WTI Crude is $67.19; Brent is $74.08 this morning.
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Source: MarketWatch.com - By: Mark Decambre - Image: Getty Images
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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