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U.S. oil futures settle at a more than 2-week high

02:47pm, Wednesday, 30'th Aug 2023
U.S. oil futures settled Wednesday at their highest in more than two weeks, finding support after U.S. government data revealed a 10.6 million-barrel drop in domestic crude supplies for the week ended
Traders worry about the safety of supplies after the military coup in the OPEC member Gabon.

Crude Inventories Decline By 10.6 Million Barrels

10:47am, Wednesday, 30'th Aug 2023
Traders will also stay focused on the military coup in the OPEC member Gabon.
Crude oil markets had a bullish session on Wednesday, as we continue to break out of consolidation areas and look at the dwindling supply of crude out there.
Oil futures rose early Wednesday, finding support after industry data showed a large draw to U.S. crude inventories.
Crude oil firms on a major U.S. inventory drop and rising demand due to a weaker dollar, as OPEC's Saudi Arabia considers prolonging output cuts.
Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mex
Lipow Oil Associates President Andrew Lipow joins Yahoo Finance anchors Seana Smith and Akiko Fujita to discuss the impact of the Hurricane Idalia on oil prices. Lipow says, “the impact of Hurricane
U.S. oil futures gained on Tuesday, settling at their highest in more than a week, as traders continued to monitor Hurricane Idalia's path and its potential impact on energy operations in the Gulf of
Chevron has already evacuated staff from several platforms in the Gulf of Mexico.
Crude oil markets initially tried to rally a bit during the session on Tuesday, but it looks like we are in a consolidation pattern more than anything else.
Between looming rate hikes and China's economic hurdles, the WTI outlook blends optimism with caution.
Oil prices were flat on Tuesday as worries that further possible U.S. interest rate hikes could pull down demand were countered by concerns a tropical storm off the U.S. Gulf Coast could impact supply
U.S. oil futures finished higher on Monday, as traders monitored developments tied to Tropical Storm Idalia. The storm is expected to become a hurricane later Monday and reach the Gulf Coast of Florid
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