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Oil Trading Alert: Crude Oil Gives Up Gains
February 26, 2014, 10:11 AMOn Tuesday, crude oil lost 0.96% as disappointing U.S. consumer confidence data and forecasts for warmer weather in early March weighted on the price. Thanks to these news, light crude declined and closed the day below $102 per barrel for the first time since mid-February.
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Oil Trading Alert: Crude Oil Hits Fresh February High
February 25, 2014, 8:52 AMOn Monday, crude oil erased Friday’s losses and gained 0.51% as expectations of strong demand for heating fuels refined from crude oil and supply concerns pushed the price higher. Thanks to these circumstances, light crude hit a 20-week high of $103.45 per barrel.
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Oil Trading Alert: Crude Oil Dips Once Again
February 24, 2014, 9:38 AMOn Friday, crude oil lost 0.54% after disappointing U.S. home sales data weighted on the price. Despite this drop, light crude closed the day above $102 per barrel and climbed 1.89% during the last week (it was the sixth consecutive weekly gain).
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Oil Trading Alert: Crude Oil Declines Slightly
February 21, 2014, 8:26 AMOn Thursday, crude oil moved lower as the U.S. dollar straighten after solid U.S. economic data and stocks of distillates fell less-than-expected. Despite this small drop, light crude still remains near a 4-month high, slightly below $103 per barrel.
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Oil Trading Alert: Crude Oil Extends Gains
February 20, 2014, 10:43 AMOn Wednesday, crude oil climbed to another 2014 high as expectations of strong demand for heating fuels refined from crude oil still weighted on the price. In this way, light crude gained 0.28%, finishing the day slightly below $103 per barrel.
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