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MENAFN - Daily Forex) The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Thursday but has bounced from the extreme lows.
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DailyFX 02/28/2020 02:00
Crude oil prices joined all other risk-correlated assets in heading lower after Wall Street’s terrible Thursday. Gold was under a little rate pressure, but the market looks well underpinned.
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RBN Energy 02/27/2020 21:00
The Bakken was among the first plays to benefit big-time from the Shale Revolution, experiencing a 400%-plus increase in crude production in the first half of the 2010s. The play has had more than its share of challenges, however, including a serious lack of takeaway capacity that spurred the first rapid deployment of modern-day crude-by-rail, followed by a rig-count collapse and major production decline after the mid-decade crash in oil prices. But the Bakken has been roaring back. Crude output there now tops 1.5 MMb/d — some 250 Mb/d higher than its late-2014 peak — and producers have been planning for continued production growth in 2020, though many may be reassessing those plans in light of this week’s coronavirus-related price slide. I.
More from RBN Energy: 02/27/2020 16:30
... industrial activity, Chinese refiners—from the biggest refiner in Asia, Sinopec, to the independent refiners in Shandong—have cut refinery runs, while commodity trading houses and oil majors have scrambled to find spot buyers for crude oil outside China.
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ForexLive 02/27/2020 15:29
The price of crude oil futures is trading down sharply today has continued fears from a global slowdown and demand weighs on the price.
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ETF Database 02/27/2020 08:00
After a precipitous drop due to the coronavirus, excess supply, and a number of other factors, West Texas Intermediate crude oil has bounced off the $50 level several times over the last couple of weeks and continuing its move higher Thursday, up another 0.39% to $53.77 a barrel.
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Platts 02/26/2020 21:34
With Brent crude oil prices, a fresh one-year low had been printed [Wednesday] given the state of concerns over global growth.
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FirstPost (India) 02/26/2020 07:36
Also, forex traders said, easing crude oil prices supported the local unit.
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Business Wire 02/26/2020 07:30
The Company is now making all crude oil deliveries out of the Crude Oil Pipeline and has ceased interim service deliveries from the 24” EPIC Y-Grade pipeline.
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Drillinginfo 02/24/2020 13:07
Crude oil futures trended higher over much of last week but lost ground on Friday amid renewed concerns over the spread of the COVID-19 virus.
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