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Oil Prices Near Three-Month High As Market Tightens

OilPrice.com Monday, 18 February 2019
Oil prices rose early on Monday, extending last week’s gains amid rekindled hopes that the U.S. and China could reach a trade deal and growing signs of a tightening market, driven by OPEC’s production cuts and U.S. sanctions on Iran and Venezuela. At 07:38 a.m. EST on Monday, WTI Crude was trading up 0.80 percent at $56.43, while Brent Crude eased off earlier gains to trade down 0.02 percent at $66.24. Still, Brent Crude is currently on track for its best performance in a first quarter of a year since 2011. So far into 2019, oil prices…
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News video: Oil Prices Drop Dragging On S&P 500

▶ Oil Prices Drop Dragging On S&P 500 00:48

According to Reuters, US stocks are trading slightly lower heading into the week's end. By the afternoon on Feb. 21st, the top three markets on the New York Stock Exchange lost their gains from a day before. The Dow Jones Industrial Average retreated about 64-points, falling to 25,891, while the...

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