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Saturday, November 28, 2020

Bloomberg Mark Shenk

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Investor honeymoon with OPEC falters as shale drilling booms

There are limits to investors' love affair with OPEC.After unprecedented optimism that the Organization of Petroleum Exporting Countries will manage to ease a global...

Brent heads for biggest weekly advance since 2009 on OPEC pact

Brent oil is headed for its biggest weekly gain since 2009 after OPEC approved its first supply cut in eight years, with attention now...

Oil bets are biggest in 9 years amid OPEC, Trump volatility

Money managers, producers and consumers made the biggest bets on West Texas Intermediate crude prices in nine years, amid signals more volatility is coming.Global...

Oil trade near $46 as U.S. crude use grows, Russia optimistic

Crude traded near $46 a barrel in New York after a government report showed U.S. refinery demand surged and Russia's oil minister expressed optimism...

Oil speculators abandon hope of OPEC reaching supply accord

Oil investors turned bearish at the fastest pace in more than a year as they lost confidence that OPEC will reach a deal with...

Oil investors flee as OPEC freeze hopes face supply reality

Oil speculators headed for the sidelines as OPEC members prepare to discuss freezing output in the face of signs the supply glut will linger.Money...

‘Well-timed’ OPEC talk forces oil bears into record reversal

OPEC has done it again.Talk of a potential deal to freeze output helped push oil close to $50 a barrel and prompted money managers...

Oil bulls take heart as OPEC rekindles hope of output freeze

All it took was a few words from OPEC to encourage oil bulls.Money managers increased wagers on rising crude prices by the most since...

Falling U.S. oil output not enticing enough for wary investors

Not even a sharp decline in U.S. oil production can convince investors that crude prices are ready to rebound.Stubbornly high U.S. inventories and resurgent...

Oil rally runs out of steam as Canadian wildfire threat fades

Here comes Canadian oil to douse the hottest rally since 2009.Money managers reduced bets on rising oil prices by the most in 11 months...

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