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☆ U.S. crude oil prices top $90 a barrel for the first time since November 2022
  + stars: | 2023-09-14 | by ( Yun Li | ) www.cnbc.com   time to read: 1 min
The crude oil tanker Searuby arrives at Teesport on September 02, 2023 in Redcar, United Kingdom. This is breaking news. Please check back for updates. Oil prices jumped on Wednesday, with U.S. crude topping $90 a barrel, as expectations of a tighter supply outlook grew. West Texas Intermediate crude (WTI) gained 1.6%, to $90, hitting its highest level since November 2022.
Organizations: West Texas Locations: Teesport, Redcar, United Kingdom
☆ Oil prices edge up on anticipated U.S. crude stock draw
  + stars: | 2023-09-07 | by ( ) www.cnbc.com   time to read: +1 min
The crude oil tanker Searuby arrives at Teesport on September 02, 2023 in Redcar, United Kingdom. Oil prices edged higher on Thursday, after industry data showed U.S. crude oil inventories were expected to have fallen last week, signaling tightening supplies on top of extended production cuts in Saudi Arabia and Russia. U.S. crude oil inventories were projected to fall by 5.5 million barrels in the week ending Sept. 1, according to market sources citing American Petroleum Institute figures released after market settlement. Prices spiked on Tuesday after Saudi Arabia and Russia extended voluntary oil supply cuts to the year-end. The Saudi cuts were by 1 million barrels per day, or bpd, while Russia has cut 300,000 bpd.
Organizations: American Petroleum Institute, U.S . Energy, Administration, Brent, U.S, West Texas, Saudi Locations: Teesport, Redcar, United Kingdom, Saudi Arabia, Russia
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