Oil prices moved closer to a two-month high on Friday, closing
out the week with some of the strongest gains in 2017. Market
sentiment has turned “cautiously optimistic,” as Goldman Sachs put
it, with rebalancing efforts starting to become more clear. Crude
oil inventories continue to decline, and the latest EIA figures
show a massive 7.2 million-barrel drawdown for the week ending on
July 21, suddenly plunging U.S. inventories back into the upper end
of the five-year average range. Data from the past month or so has
dispelled fears…
out the week with some of the strongest gains in 2017. Market
sentiment has turned “cautiously optimistic,” as Goldman Sachs put
it, with rebalancing efforts starting to become more clear. Crude
oil inventories continue to decline, and the latest EIA figures
show a massive 7.2 million-barrel drawdown for the week ending on
July 21, suddenly plunging U.S. inventories back into the upper end
of the five-year average range. Data from the past month or so has
dispelled fears…
Oil prices moved closer to a two-month high on Friday, closing
out the week with some of the strongest gains in 2017. Market
sentiment has turned “cautiously optimistic,” as Goldman Sachs put
it, with rebalancing efforts starting to become more clear. Crude
oil inventories continue to decline, and the latest EIA figures
show a massive 7.2 million-barrel drawdown for the week ending on
July 21, suddenly plunging U.S. inventories back into the upper end
of the five-year average range. Data from the past month or so has
dispelled fears…
out the week with some of the strongest gains in 2017. Market
sentiment has turned “cautiously optimistic,” as Goldman Sachs put
it, with rebalancing efforts starting to become more clear. Crude
oil inventories continue to decline, and the latest EIA figures
show a massive 7.2 million-barrel drawdown for the week ending on
July 21, suddenly plunging U.S. inventories back into the upper end
of the five-year average range. Data from the past month or so has
dispelled fears…
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