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Oil Trading Alert: Crude Oil Hits New Monthly Low as Inventories Rise More Than Expected
November 29, 2013, 8:15 AMOn Wednesday, crude oil extended its decline and hit a fresh monthly low of $91.77 as the U.S. Energy Information Administration (EIA) data showed a much larger-than-expected rise in U.S. crude inventories. In this way, light crude lost 1.22% and dropped to the levels that we saw at the beginning of June.
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Oil Trading Alert: Crude Oil Extends Declines as Inventories Come into Focus
November 27, 2013, 9:19 AMOn Tuesday, crude oil lost 0.72% as concerns that U.S. inventories will increase once again weighted on price. In this way, light crude dropped o its daily low of $93.43 and closed the day below $94 per barrel.
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Oil Trading Alert: Crude Oil Drops after Historic Deal with Iran
November 26, 2013, 7:51 AMOn Monday, crude oil extended its decline and lost 0.57% as a nuclear deal between Iran and six world powers eased Middle East geopolitical tensions and raised expectations of increased global production. In this way light crude dropped to slightly above the November low, but then reversed the course and closed the day above $94 per barrel.
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Oil Trading Alert: Crude Oil Drops as Iran Talks Remain in Focus
November 25, 2013, 9:28 AMOn Friday, crude oil lost 0.55% and closed the day below $95 as profit taking and hopes that Western and Iranian diplomats will make progress over Teheran’s nuclear program weighted on the price of light crude.
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