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Oil Trading Alert: Crude Oil Hits Seven-week High
December 20, 2013, 8:43 AMOn Friday crude oil gained 1.20% as expectations that signs of an improving U.S. economy could translate to higher crude demand in the world's largest oil consumer. In this way, light crude extended its gains and hit a seven-week high of $99.48.
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Oil Trading Alert: Crude Oil Gains as Inventories Fall
December 19, 2013, 7:51 AMOn Wednesday, crude oil gained 0.31% as the EIA data showed that U.S. crude oil inventories fell more than expected last week. However, in the following hours, light crude gave up some gains and closed the day slightly below $98 per barrel.
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Oil Trading Alert: Trading in Narrow Range as Fed Decision Remains in Focus
December 18, 2013, 9:41 AMOn Tuesday, crude oil was trading in a narrow range as oil investors tried to puzzle out the impact of inflation data from the U.S. Light crude hit its intraday high of $98.15, however, in the following hours it gave up the gains and closed the day slightly above the Monday’s closing price.
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Oil Trading Alert: Crude Oil Gains as Fed Stimulus Tapering Expectations Fade
December 17, 2013, 11:44 AMOn Monday, crude oil gained 0.90% after U.S. economic indicators fueled expectations that the Fed could hold off on tapering its stimulus program this week and wait until January - or even March. In this way, light crude rebounded and closed the day above $97 per barrel.
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Oil Trading Alert: Crude Oil Declines as Fed Stimulus Tapering Expectations Rise
December 16, 2013, 10:03 AMOn Friday, crude oil lost 1.09% as rising concerns over whether the U.S. Federal Reserve may begin to withdraw its stimulus program weighted on price. In this way, light crude closed the previous week below $97 per barrel.
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