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Hedge Funds Are Still Bearish On Oil But Bulls Are Gaining Steam

After a lackluster end of 2022 and start of 2023, oil bulls are now hopeful that OPEC+ action will tighten the market and drive prices higher

Saudi arabiaEnergy information administrationStandard charteredCuts to eliminateOil marketsOil supplyOil demandCrude inventories

Oil Futures Settle Marginally Up For The Day, Gain Over 6% In Week

Crude oil futures settled slightly higher on Thursday and posted gains for a third straight week, buoyed by OPEC's decision to cut production..

United statesBaker hughesEnergy information administrationOrganization of the petroleum exporting countriesTexas intermediate crudeGood fridayPetroleum exporting countriesCrude inventoriesCrude oil futuresAker hughes rig count Rent crude futuresWest texas intermediate crudeOpec production cut

Oil Futures Settle Marginally Down Despite Drop In Crude Inventories

Oil prices drifted lower on Wednesday as worries about economic slowdown outweighed data showing a drop in crude inventories in the U.S., and the production cut decision by the OPEC and allies.

United statesEnergy information administrationInstitute for supply managementTexas intermediate crudeSupply managementOil pricesEnergy information administrationCrude inventoriesWest texas intermediate crudeBrent crude inventories

Oil Futures Fail To Hold Early Gains, Settle Modestly Lower

Oil futures failed to hold early gains and ended modestly lower on Wednesday, despite data showing a drop in crude stockpiles last week..

United statesEnergy information administrationTexas intermediate crudeEnergy information administrationCrude inventoriesOil futuresCrude oil futuresRent crude futuresWest texas intermediate crude

China still adding to crude inventories even as oil refining jumps

China still adding to crude inventories even as oil refining jumps
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United statesCredit suisseNational bureau of statisticsNational bureauLunar new yearCrude inventoriesOil refining

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