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Crude oil futures lost ground with concerns about weaker demand weighing and supply risk from Hurricane Rafael diminishing. "This risk reduction helped alleviate some of the upward pressure on oil ...
"Colombia is the fourth largest supplier of crude oil to the U.S., exporting a little more than 200,000 barrels a day." Prices are also pressured by China's manufacturing activity unexpectedly ...
of 2.2 million barrels per day, past a June 30 deadline. The OPEC+ has slashed production over the past year to support oil price, but this has provided only fleeting support to prices ...
with stronger resistance looming at $63.06 and $65.09—where the 50-day moving average sits. At 10:53 GMT, Light Crude Oil Futures are trading $58.93, down $0.31 or -6.52%. Crude prices are on ...