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MarketWatch 09/18/2020 14:40
U.S. oil futures settled with a modest gain on Friday, ending higher for the week after the Organization of the Petroleum Exporting Countries and its allies reiterated their commitment to output cuts. Prices for the U.S. benchmark, however, ended below the session's highs, briefly turning lower for the session afterAljazeera reported that Libyan commander Khalifa Haftar announced a conditional lifting of a months-long blockage of oilfields and ports by the Libyan National Army. That fed expectations for higher global crude supplies. October West Texas Intermediate oil rose 14 cents, or 0.3%, to settle at $41.11 a barrel on the New York Mercantile Exchange. Front-month prices rose 10.1%, marking the strongest weekly rise since the week ended.
MarketWatch 09/16/2020 14:38
Oil futures rallied Wednesday, with U.S. prices up nearly 5% after the Energy Information Administration reported a 4.4 million-barrel weekly decline in domestic crude inventories. Production in the Gulf of Mexico, meanwhile, was down by 508,366 barrels a day in the Gulf of Mexico, with 27.48% of the region's oil output shut in as of Wednesday, according to the Bureau of Safety and Environmental Enforcement. That's up from shut ins of 26.87% on Tuesday. For natural gas, 29.7% of output was shut in, higher than Tuesday's 28.03%. October West Texas Intermediate oil settled at $40.16 a barrel, up $1.88, or 4.9%, on the New York Mercantile Exchange. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit.

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