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Business

Oil Set for Weekly Rise Amid Optimism on Re-Balancing Process

J. N. Stuart/Flickr;

Oil climbed Oct. 13 as dwindling U.S. crude stockpiles and near-record Chinese imports signaled the worldwide glut is eroding.

Jessica Summers | Bloomberg News
October 13, 2017
Business

Oil Rises to Five-Week High on Freeze Optimism, Weakening Dollar

Andrey Rudakov/Bloomberg News

Oil closed at its highest level in five weeks, bolstered by a weakening dollar and speculation that OPEC talks next month could result in a crude output freeze.

Rachel Adams-Heard | Bloomberg News
August 16, 2016
Business

Oil Falls to Below $40 a Barrel for First Time Since April

Andrey Rudakov/Bloomberg News

Oil fell below $40 a barrel for first time since April, falling into a bear market on concern that the global supply glut will expand.

Mark Shenk and Rachel Adams-Heard | Bloomberg News
August 1, 2016
Business

Oil Falls to 12-Year Low at $26.14 Per Barrel

Brittany Sowacke/Bloomberg News

Oil tumbled to its lowest level in more than 12 years as crude stockpiles at the delivery point for New York futures expanded to a record.

Mark Shenk | Bloomberg News
February 11, 2016
Business

Oil Dips Below $65 on OPEC Inaction

Eddie Seal/Bloomberg News

West Texas Intermediate crude rebounded after sliding to the lowest level since July 2009 on speculation that prices have further to drop before OPEC’s decision to maintain output slows U.S. shale supply.

Bloomberg News
December 1, 2014