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Home» Articles posted by Olivia Raimonde and Alex Longley

Oil Declines From 11-Week High

Posted on May 27, 2020 by Olivia Raimonde and Alex Longley in Transport Topics

Russia’s lack of support for continuing global production curbs in July punctured oil’s rally to a nearly three-month high and raised questions about OPEC+’s ability to drain a massive supply glut.

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Oil Rallies With Producers Showing Confidence by Hiking Prices

Posted on May 26, 2020 by Olivia Raimonde and Alex Longley in Transport Topics

Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.

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Oil Falls Despite Signs of Tightening Market, Demand Recovery

Posted on May 19, 2020 by Olivia Raimonde and Alex Longley in Transport Topics

Oil prices fell even as supply curbs tightened the market and demand rebounded with the reopening of major economies.

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Oil Jumps to Five-Week High Amid Optimistic Demand Outlook

Posted on May 14, 2020 by Olivia Raimonde and Alex Longley in Transport Topics

Oil surged to the highest level since early April on an improving outlook for crude demand, alongside a rally in broader markets.

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Oil Shrugs Off First Decline in US Inventories Since January

Posted on May 13, 2020 by Olivia Raimonde and Alex Longley in Transport Topics

Oil fell despite the first U.S. stockpile decline since January.

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Oil Shrugs Off First Decline in US Inventories Since January

Posted on May 13, 2020 by Olivia Raimonde and Alex Longley in Transport Topics

Oil fell despite the first U.S. stockpile decline since January.

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Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut

Posted on May 5, 2020 by Olivia Raimonde and Alex Longley in Transport Topics

Oil’s recovery from last month’s epic plunge accelerated as production cuts start to whittle down a supply glut and more economies ease their coronavirus lockdowns.

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Oil Buoyed on Production Cuts; Market Still Not Balanced

Posted on April 24, 2020 by Olivia Raimonde and Alex Longley in Transport Topics

Oil is set to edge lower for the week after recovering from a dramatic collapse April 20 that saw prices in New York plunge below zero for the first time in history.

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