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Oil Price - Oil rises further above $67 a barrel as OPEC cuts counter economic concern
Oil rose further above $67 a barrel on Tuesday as OPEC supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to an economic slowdown. The price of global ...
WTI OIL Outlook: Oil price regains traction after shallow pullback
WTI oil price rises on Tuesday after shallow pullback from new 2019 high at $60.37 found footstep and managed to close twice above cracked 10SMA (currently at $58.87), keeping broader bulls intact. ...
Oil Prices Rise Amid Supply Cuts
Oil prices climbed on Tuesday, pushed up by supply cuts led by producer club, OPEC, and U.S. sanctions against Iran and Venezuela, although concerns about a potential recession kept markets from ...
Alberta’s Price-Correcting Plan Backfires
When Alberta’s government announced obligatory oil production cuts last December, it was a desperate attempt to arrest a price slide of the local crude benchmark that had led to discounts of over ...
Norway's State-Owned Oil and Gas Giant Is Backing a Battery-Research Fund
would take the step to shield Norway’s treasury from risk from oil-price declines. Norway’s move won’t require the pension fund to divest from such firms as BP and Shell, both because they ...