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Technical momentum weakens in WTI futures market, 5/8/24
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Oil prices have pulled back sharply in the month of May with prices posting their steepest weekly loss in three months. The front-month contract plunged to an eight-week low of ...
Oil climbed after government data showed a decline in US stockpiles, signaling a tighter physical market. West Texas Intermediate settled near $79 a barrel as crude oil ...
U.S. gas inventories are near record highs for this time of year after exceptionally mild temperatures linked to the El Nino weather phenomenon slashed gas and electricity ...
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Today, in light of intensified terrorist activity in the Middle East, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory to ...
Mixed bag today: • Macro (ugly wholesale sales print, implied gasoline demand at decade-lows ex-COVID, GDPNOW up at 4.18%?). • Micro (TRIP exposed as M&A premium evaporates ...
The US EIA revised its earlier forecast on world oil demand for 2024 on Tuesday, indicating that it is expected to grow at a slower pace. Additionally, the EIA predicts that ...
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- Posted: May 8, 2024 8:48pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 87