[Tree] Taiwan stock market performance influenced by TSMC

Version 2.14 (2024-09-25 02:40:40.202000)

updates: TSMC's rise boosts Taiwan stocks; Fed rate cut impact

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Version 2.13 (2024-09-04 03:35:28.183000)

updates: Taiwan market reacts to US slowdown and iPhone launch

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Version 2.12 (2024-09-04 02:35:15.889000)

updates: Updated stock performance and economic indicators

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Version 2.11 (2024-09-04 01:34:19.660000)

updates: Market declines driven by economic indicators and tech losses

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Version 2.1 (2024-09-03 22:39:24.113000)

updates: Tech sector struggles amid economic fears

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Version 2.09 (2024-09-03 22:35:06.142000)

updates: Market downturn linked to weak economic indicators

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Version 2.08 (2024-09-03 21:36:00.676000)

updates: Dow drops 626 points amid economic concerns

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Version 2.07 (2024-09-03 21:33:10.366000)

updates: Market downturn amid economic uncertainty and Fed predictions

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Version 2.06 (2024-08-31 06:51:59.542000)

updates: DJIA reaches record highs amid economic resilience

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Version 2.05 (2024-08-31 05:49:22.039000)

updates: Incorporated latest economic data and market reactions

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Version 2.04 (2024-08-31 05:32:20.759000)

updates: S&P 500 spikes; economic indicators improve market sentiment

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Version 2.03 (2024-08-30 21:37:04.800000)

updates: Updated stock performance and economic indicators

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Version 2.02 (2024-08-30 21:33:23.284000)

updates: Added details on stock performance and Fed rate cut hopes

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Version 2.01 (2024-08-30 21:32:44.469000)

updates: Dow reaches record high; consumer spending increases

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Version 2.0 (2024-08-30 09:38:35.623000)

updates: Updated GDP growth and stock performance details

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Version 1.99 (2024-08-30 03:33:21.602000)

updates: Mixed stock performance amid revised GDP growth

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Version 1.98 (2024-08-30 00:35:17.108000)

updates: Nvidia's earnings impact on global markets highlighted

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Version 1.97 (2024-08-29 23:38:17.091000)

updates: Incorporated mixed results and Nvidia's forecast impact

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Version 1.96 (2024-08-29 22:46:50.261000)

updates: Nvidia's disappointing forecast affects markets; Dow hits high

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Version 1.95 (2024-08-29 09:41:41.874000)

updates: Nvidia's earnings lead to declines in Asian tech stocks

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Version 1.94 (2024-08-29 07:40:12.752000)

updates: Tokyo stocks end flat; Nvidia earnings impact noted

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Version 1.93 (2024-08-29 05:32:21.668000)

updates: Market focus shifts from Nvidia to U.S. data

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Version 1.92 (2024-08-29 04:32:36.889000)

updates: Market focus shifts from Nvidia to U.S. economy

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Version 1.91 (2024-08-27 11:43:39.642000)

updates: Mixed market performance amid geopolitical tensions and Fed outlook

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Version 1.9 (2024-08-27 09:37:05.067000)

updates: Incorporated updates on market performance and Fed actions

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Version 1.89 (2024-08-27 08:33:34.722000)

updates: Added details on Nvidia and market reactions

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Version 1.88 (2024-08-27 08:33:02.029000)

updates: Mixed market performance and ongoing geopolitical tensions

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Version 1.87 (2024-08-27 04:38:12.873000)

updates: Oil prices dip; geopolitical tensions escalate; US economic outlook improves

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Version 1.86 (2024-08-15 07:00:24.758000)

updates: Oil prices remain stable as concerns about the global economy outweigh geopolitical tensions

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Version 1.85 (2024-08-14 02:03:07.424000)

updates: Oil market stability despite geopolitical tensions

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Version 1.84 (2024-08-13 08:08:36.564000)

updates: Crude oil prices rise on strong US data and escalating Middle East tensions

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Version 1.83 (2024-08-08 12:17:17.293000)

updates: Updated information on geopolitical risks and economic concerns

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Version 1.82 (2024-08-03 07:01:49.267000)

updates: The story now includes information about conflicting pressures on oil prices from geopolitical tensions and economic headwinds

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Version 1.81 (2024-08-03 06:04:25.956000)

updates: Oil prices slide as US job data and Chinese economic concerns weigh on market sentiment

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Version 1.8 (2024-08-02 19:06:54.102000)

updates: Oil prices slide as US job data and Chinese economic concerns weigh on market sentiment

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Version 1.79 (2024-08-02 17:06:47.478000)

updates: Oil prices slide as weak US job data and Chinese economic concerns weigh on market sentiment

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Version 1.78 (2024-08-02 16:16:45.958000)

updates: Oil prices fell for a fourth week due to disappointing US job growth

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Version 1.77 (2024-08-01 10:11:56.034000)

updates: Oil prices rise due to Middle East tension and drop in US stockpiles

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Version 1.76 (2024-07-31 04:01:45.287000)

updates: Oil prices plunge as US crude drops below $75

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Version 1.75 (2024-07-30 12:11:51.192000)

updates: WTI crude oil faces further drop to retest major range support

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Version 1.74 (2024-07-30 02:08:22.356000)

updates: Oil prices slip on concerns of Chinese demand and waning Middle East worries

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Version 1.73 (2024-07-28 11:59:56.343000)

updates: Inclusion of information about oil prices playing out in a triangle shape, concerns about OPEC losing market share, the link between higher oil prices and recessions, and the warning about a future surplus of oil

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Version 1.72 (2024-07-28 06:03:55.317000)

updates: Incorporated information about declining Chinese demand and hopes of a Gaza ceasefire

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Version 1.71 (2024-07-28 02:03:21.683000)

updates: Oil prices fell on declining Chinese demand and hopes of a Gaza ceasefire agreement

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Version 1.7 (2024-07-27 14:03:15.089000)

updates: Oil prices slide on faltering Chinese demand and hopes of a Gaza ceasefire

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Version 1.69 (2024-07-27 05:05:18.672000)

updates: Oil prices face third weekly loss on demand concerns in China

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Version 1.68 (2024-07-26 07:11:52.221000)

updates: Updates on Chinese demand outlook, ceasefire talks, US economic growth, and wildfires in Canada

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Version 1.67 (2024-07-25 10:10:41.548000)

updates: Inventory data, refinery margins, potential oil market surplus, Alberta wildfires

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Version 1.66 (2024-07-25 08:05:57.674000)

updates: Oil prices fall on weak China demand concerns and Mideast ceasefire talks

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Version 1.65 (2024-07-25 07:18:47.509000)

updates: Oil prices stabilize as US inventories decline

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Version 1.64 (2024-07-25 07:17:09.360000)

updates: Oil prices drop due to weak China demand and Mideast ceasefire talks

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Version 1.63 (2024-07-24 11:03:33.334000)

updates: Oil prices decline as Brent holds critical support amid US inventory decline

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Version 1.62 (2024-07-24 07:09:03.320000)

updates: Oil prices fall on ceasefire talks and demand concerns

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Version 1.61 (2024-07-21 23:06:22.507000)

updates: Oil prices drop amid mixed economic signals

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Version 1.6 (2024-07-21 05:02:44.623000)

updates: Oil prices drop as investors hope for Gaza ceasefire

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Version 1.59 (2024-07-20 07:06:57.290000)

updates: Oil prices drop as investors hope for Gaza ceasefire

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Version 1.58 (2024-07-20 07:01:25.944000)

updates: The International Energy Agency (IEA) has revised its oil demand growth forecast for 2019 to 1.1 million barrels per day (bpd), down from its previous estimate of 1.2 million bpd. The IEA cited trade tensions, a slowing global economy, and a warmer-than-usual winter as factors contributing to the downward revision. The Organization of the Petroleum Exporting Countries (OPEC) and its allies have agreed to extend production cuts until March 2020 in an effort to support prices. However, the effectiveness of these cuts in balancing the market remains uncertain. The ongoing US-China trade dispute and geopolitical tensions in the Middle East are also impacting oil prices. Brent crude oil prices have fallen below $63 per barrel, while WTI crude oil prices have dropped below $56 per barrel.

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Version 1.57 (2024-07-19 15:59:44.809000)

updates: Oil prices steadied as concerns about US economic slowdown contend with rate-cut hopes

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Version 1.56 (2024-07-19 11:07:00.893000)

updates: Mixed signals on crude demand, rising jobless claims, upcoming OPEC+ meeting

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Version 1.55 (2024-07-19 10:59:31.628000)

updates: Oil prices steady amid strong US dollar, Chinese economy concerns

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Version 1.54 (2024-07-19 08:03:29.020000)

updates: Oil prices faced downward pressure as concerns about slowing demand in China and tightening supply in the US weighed on market sentiment. The Chinese economy grew at a slower rate of 4.7% in the second quarter, the slowest growth since Q1 2023, raising concerns about a decrease in oil demand. Additionally, a stronger US dollar made oil more expensive for investors holding other currencies. However, US crude oil inventories fell by 4.4 million barrels in the week ended July 12, indicating tightening supply. Rising geopolitical risk, including an attack on a Liberia-flagged oil tanker by Yemen's Houthis in the Red Sea, also helped limit the decline in oil prices. The market is awaiting announcements from the Third Plenum in Beijing this week, which is expected to shape market sentiment due to China's oil demand growth. The possibility of imminent U.S. central bank rate cuts enticed some trades and kept oil prices from sinking even more. Fed officials said the U.S. central bank is closer to cutting rates given inflation's improved trajectory and a labor market in better balance. The European Central Bank kept interest rates unchanged as expected on Thursday and gave no hints about its next move. A mini OPEC+ ministerial meeting scheduled for early August, meanwhile, is unlikely to recommend changing the group’s oil output policy.

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Version 1.53 (2024-07-19 08:00:04.115000)

updates: Oil prices steadied on Thursday as investors wrestled with mixed signals about crude demand; Brent futures settled at $85.11 a barrel, rising 3 cents, while U.S. West Texas Intermediate (WTI) crude fell 3 cents to settle at $82.82 a barrel; The number of Americans filing new applications for unemployment benefits rose more than expected last week; Fed officials said on Wednesday the U.S. central bank is closer to cutting rates given inflation’s improved trajectory and a labor market in better balance, possibly setting the stage for a reduction in borrowing costs in September; Despite government data on Wednesday that showed U.S. crude inventories fell by 4.9 million barrels last week, more than forecast by analysts in a Reuters poll, weak U.S. gasoline demand kept oil prices from moving higher; Economic growth in China, which is the biggest importer of crude oil, also weighed on prices; The European Central Bank kept interest rates unchanged as expected and gave no hints about its next move; A mini OPEC+ ministerial meeting scheduled for early August, meanwhile, is unlikely to recommend changing the group’s oil output policy

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Version 1.52 (2024-07-18 18:02:01.159000)

updates: Oil prices edged higher as expectations of a Federal Reserve rate cut outweighed concerns about an economic slowdown

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Version 1.51 (2024-07-18 17:01:59.802000)

updates: Updated information on US rate-cut hopes

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Version 1.5 (2024-07-17 13:56:54.427000)

updates: Oil prices rise on Wednesday as a decline in US oil stockpiles and a weaker dollar overshadow signs of weakening demand in China.

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Version 1.49 (2024-07-17 11:55:57.021000)

updates: Oil prices stabilize amid concerns about China's slowing demand and falling US inventories

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Version 1.48 (2024-07-17 11:01:01.175000)

updates: Oil prices stabilize amid falling US inventories and China concerns

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Version 1.47 (2024-07-17 08:58:52.139000)

updates: Oil prices inch up on US inventories

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Version 1.46 (2024-07-17 08:55:29.368000)

updates: Oil prices eased on slowing China demand

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Version 1.45 (2024-07-17 07:56:49.680000)

updates: Incorporated information about weaker economic data from China and the possibility of the US Federal Reserve cutting interest rates

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Version 1.44 (2024-07-17 06:56:16.339000)

updates: Oil prices faced downward pressure as concerns about slowing demand in China and tightening supply in the US weighed on market sentiment. The Chinese economy grew at a slower rate of 4.7% in the second quarter, the slowest growth since Q1 2023, raising concerns about a decrease in oil demand. Additionally, a stronger US dollar made oil more expensive for investors holding other currencies. However, US crude oil inventories fell by 4.4 million barrels in the week ended July 12, indicating tightening supply. Rising geopolitical risk, including an attack on a Liberia-flagged oil tanker by Yemen's Houthis in the Red Sea, also helped limit the decline in oil prices.

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Version 1.43 (2024-07-17 05:54:33.155000)

updates: Oil prices stabilize as Brent crude oil futures were down by 4 cents to $83.69 per barrel and U.S. West Texas Intermediate (WTI) crude futures eased 4 cents to $80.72. Concerns over weakening demand growth in China clash with the prospect of declining U.S. oil inventories. China's economy grew 4.7 percent in Q2 2024, the slowest growth since Q1 2023. A stronger U.S. dollar puts downward pressure on oil prices. U.S. crude oil inventories fell by 4.4 million barrels in the week ended July 12. U.S. retail sales were unchanged in June, bolstering economic growth prospects. Geopolitical risks limit oil price declines as a Liberia-flagged oil tanker was attacked in the Red Sea.

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Version 1.42 (2024-07-17 03:55:27.486000)

updates: Oil prices steady as declining US inventories offset slowing China demand

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Version 1.41 (2024-07-17 01:57:39.435000)

updates: Updated information on Chinese demand and US supply

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Version 1.4 (2024-07-17 00:55:27.330000)

updates: Oil prices fall on concerns of slowing Chinese economy and US inflation

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Version 1.39 (2024-07-13 06:54:49.657000)

updates: Oil prices rise as US inflation eases

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Version 1.38 (2024-07-12 08:55:19.995000)

updates: Oil prices rose as signs of easing inflationary pressures in the US emerged. Brent crude peaked above $86 a barrel, though it was still set for a weekly decline. Investor confidence was bolstered after data showed US consumer prices fell in June, stoking hopes that the Federal Reserve will cut interest rates soon. Lower rates are expected to boost economic growth and fuel consumption. The market is still awaiting clearer signs of action from the Fed. US gasoline demand was at its highest since 2019, and jet fuel demand was at its strongest since January 2020. US refiners ramped up activity and drew from crude oil stockpiles. Weaker demand signs from China, the world's biggest oil importer, could counter the outlook from the US and weigh on prices.

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Version 1.37 (2024-07-12 05:54:18.143000)

updates: Updates on oil prices, summer demand, and U.S. inflation

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Version 1.36 (2024-07-12 03:56:20.423000)

updates: Oil prices rise amid cooling US inflation and signs of strong summer fuel demand

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Version 1.35 (2024-07-12 02:55:51.854000)

updates: Oil prices rise in Asian trade on optimism over rate cuts and improved summer demand. Brent oil futures rise to $85.52 a barrel, while West Texas Intermediate crude futures rise to $81.49 a barrel. Speculation over an Israel-Hamas ceasefire lowers risk premium. Global fuel demand expected to remain robust as travel activity increases. Focus on key trade data from China.

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Version 1.34 (2024-07-12 02:54:43.606000)

updates: Inclusion of information about WTI oil prices and the impact of soft inflation on expectations of Fed rate cuts

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Version 1.33 (2024-07-12 01:55:32.094000)

updates: Oil prices rise on strong summer demand and easing inflationary pressures in the US

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Version 1.32 (2024-07-10 09:57:45.219000)

updates: Integration of information about summer travel and fuel demand

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Version 1.31 (2024-07-10 06:55:17.633000)

updates: Oil prices rebound as U.S. stockpiles drop and interest rate cut outlook brightens

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Version 1.3 (2024-07-05 06:56:37.162000)

updates: Updated information on oil prices and factors affecting them

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Version 1.29 (2024-07-05 06:54:32.428000)

updates: Updated information on oil prices and factors affecting them

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Version 1.28 (2024-07-05 02:54:08.466000)

updates: Oil prices continue to rise, with Brent crude futures increasing by 7% over the past four weeks and West Texas Intermediate (WTI) crude futures climbing by 9% over the same period. The increase in oil prices is attributed to strong US summer demand, supply concerns, geopolitical tensions, a 12.2 million barrels draw in inventories, potential Fed rate cuts, and the Gaza conflict. Russia's Rosneft and Lukoil are set to cut July exports, and Saudi Aramco has lowered Asian prices. Traders are also monitoring the war in Gaza and elections in France and the United Kingdom.

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Version 1.27 (2024-07-02 09:56:13.140000)

updates: Integration of geopolitical and economic factors influencing oil prices

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Version 1.26 (2024-07-02 06:54:58.498000)

updates: Oil prices rise on hopes of summer demand and supply concerns

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Version 1.25 (2024-07-02 02:58:11.665000)

updates: Oil prices hold near two-month high on strong demand outlook and potential rate cut

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Version 1.24 (2024-07-02 01:57:55.032000)

updates: Updates on oil prices, geopolitical tensions, and Iraqi oil exports to the US

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Version 1.23 (2024-06-30 06:55:32.397000)

updates: US imports of Iraqi oil rise, contributing to overall increase in oil exports to the US

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Version 1.22 (2024-06-28 23:57:32.135000)

updates: Oil prices fall due to weak US fuel demand and profit-taking

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Version 1.21 (2024-06-28 08:54:38.629000)

updates: Oil prices headed for third weekly gain on hopes of US interest rate cuts

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Version 1.2 (2024-06-27 11:01:01.837000)

updates: Oil prices edge higher as Middle East tensions offset US demand concerns

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Version 1.19 (2024-06-27 08:57:33.713000)

updates: Oil prices ease as US stock build raises concerns about slow demand

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Version 1.18 (2024-06-27 06:55:15.094000)

updates: Oil prices dip on surprise US stockpile build, raising concerns about slow demand

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Version 1.17 (2024-06-27 05:57:25.734000)

updates: Oil prices fell due to a stronger US dollar and concerns over US inventory build

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Version 1.16 (2024-06-27 05:53:34.525000)

updates: Oil prices remained stable after a slight decline due to an industry report showing an increase in US crude inventories. The market is seeking a catalyst to break out of the tightest trading range in over three years. Traders are watching for a range of US economic data over the next two days, including employment figures, which could set the tone for oil and broader markets. Oil is on track for a monthly gain and there are expectations prices will climb further over the next quarter on seasonal strength. US Gulf Coast crude inventories ballooned by 2 million barrels last week and remain at the highest since 2020 on a seasonal basis. Overall stockpiles are the biggest since April. There are signs of lackluster fuel consumption, with measures of gasoline and jet fuel demand flagging.

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Version 1.15 (2024-06-27 04:54:24.388000)

updates: Oil prices remain stable in narrow range ahead of key US economic figures

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Version 1.14 (2024-06-27 03:54:07.269000)

updates: Oil prices remain stable in narrow range ahead of key US economic figures

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Version 1.13 (2024-06-27 01:56:50.896000)

updates: Oil prices slid on fears of slow US demand after surprise inventory build

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Version 1.12 (2024-06-26 08:55:10.263000)

updates: Oil prices remained stable despite rising US stockpiles

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Version 1.11 (2024-06-26 05:56:14.757000)

updates: Oil prices rise despite surprise jump in U.S. stockpiles

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Version 1.1 (2024-06-26 05:53:44.146000)

updates: Oil prices declined slightly on Wednesday, driven by lingering doubts over global demand and an unexpected build in U.S. inventories

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Version 1.09 (2024-06-26 01:56:27.466000)

updates: Integration of new information about US stockpiles

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Version 1.08 (2024-06-26 01:56:08.995000)

updates: Oil prices are experiencing a slight decline amid concerns over global demand and an unexpected build in US inventories

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Version 1.07 (2024-06-22 18:53:50.512000)

updates: Oil futures saw a slight decline in early trading on Friday amid expectations of prolonged interest rate hikes in Asia and the United States. Recent data from Japan showed a 2.5% year-on-year increase in consumer prices, reinforcing expectations of potential interest rate hikes. The decline in new unemployment benefit claims in the US underscored robust job market conditions. These economic factors contribute to uncertainties in oil demand outlooks, influenced by broader economic conditions and policy decisions impacting global markets.

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Version 1.06 (2024-06-22 16:54:55.425000)

updates: Oil futures saw a slight decline in early trading on Friday amid expectations of prolonged interest rate hikes in Asia and the United States. Recent data from Japan showed a 2.5% year-on-year increase in consumer prices, reinforcing expectations of potential interest rate hikes. The decline in new unemployment benefit claims in the US underscored robust job market conditions. These economic factors contribute to uncertainties in oil demand outlooks, influenced by broader economic conditions and policy decisions impacting global markets.

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Version 1.05 (2024-06-22 04:54:04.313000)

updates: Oil prices rise for second consecutive week amid signs of improving demand and falling inventories

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Version 1.04 (2024-06-21 08:56:35.449000)

updates: Includes information on US inventories draw and strong jobs data buoying crude oil prices

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Version 1.03 (2024-06-21 06:55:24.102000)

updates: Oil prices set for second week of gains

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Version 1.02 (2024-06-21 04:56:15.942000)

updates: Crude oil futures dip due to interest rate concerns and falling US inventories

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Version 1.01 (2024-06-21 03:55:35.050000)

updates: Integration of information about rate hike worries

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Version 1.0 (2024-06-20 08:54:41.144000)

updates: Oil prices dipped after hitting seven-week highs

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Version 0.99 (2024-06-20 07:55:00.484000)

updates: Incorporated information about Brent crude prices, Israeli tanks advancing into Gaza, and the delayed release of the US government's oil inventories report

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Version 0.98 (2024-06-20 06:55:48.560000)

updates: Oil prices remain near recent highs as traders monitor Middle East and await US inventory report

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Version 0.97 (2024-06-20 05:55:52.316000)

updates: Incorporated information about Israeli tanks advancing into Gaza and killing eight people, concerns over inventory build overshadowing geopolitical stress, and oil prices stabilizing in Asia below seven-week highs

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Version 0.96 (2024-06-20 01:59:29.900000)

updates: Inclusion of information about Israeli tanks advancing into Gaza and the delay of the US oil inventories report

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Version 0.95 (2024-06-20 01:58:52.499000)

updates: Integration of Middle East tensions and inventory data

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Version 0.94 (2024-06-19 23:54:54.330000)

updates: Oil prices dipped on Wednesday after hitting seven-week highs

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Version 0.93 (2024-06-19 20:53:31.883000)

updates: Oil prices dip after hitting seven-week highs

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Version 0.92 (2024-06-19 05:54:59.375000)

updates: Updated information on US crude stocks and global tensions

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Version 0.91 (2024-06-19 05:53:06.486000)

updates: Inclusion of mixed economic data from China and Federal Reserve officials' interest rate cut considerations

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Version 0.9 (2024-06-19 04:54:57.209000)

updates: The story now includes information about the steady oil prices amid war concerns and the surprise build in US crude stocks

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Version 0.89 (2024-06-19 01:54:55.626000)

updates: Oil prices rise amid war concerns despite surprise build in US crude stocks

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Version 0.88 (2024-06-17 18:54:32.061000)

updates: Copper prices reach 8-week low on weak Chinese data

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Version 0.87 (2024-06-17 11:55:42.793000)

updates: Oil prices remained steady as downbeat Chinese data offset demand hopes

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Version 0.86 (2024-06-17 09:54:51.655000)

updates: Oil prices slipped in Asian trading on Monday after a survey showed weaker US consumer demand and as May crude production rose in China.

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Version 0.85 (2024-06-17 08:55:38.364000)

updates: Oil prices extended losses slightly from the previous session in early Asian trading on Monday after a survey showed weaker U.S. consumer demand and as traders awaited the release of key economic data from China. China's May domestic crude oil production rose 0.6% on year to 18.15 million tons. Year-to-date output was 89.1 million tons, up 1.8% from a year earlier. National crude oil throughput fell 1.8% in May over the same year-ago level to 60.52 million tons. Concerns of a wider Middle East war lingered after the Israeli military said intensified cross-border fire from Lebanon's Hezbollah into Israel could trigger serious escalation.

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Version 0.84 (2024-06-17 07:53:15.637000)

updates: Oil prices slipped in Asian trading on Monday after a survey showed weaker US consumer demand and as May crude production rose in China

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Version 0.83 (2024-06-17 07:53:00.721000)

updates: Oil prices slip on weaker US consumer demand, rise in China output

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Version 0.82 (2024-06-17 05:54:15.391000)

updates: Oil prices slipped in Asian trading on Monday after a survey showed weaker US consumer demand and as May crude production rose in China

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Version 0.81 (2024-06-17 03:54:24.302000)

updates: Incorporated information on China's economic data and its impact on oil prices

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Version 0.8 (2024-06-17 01:53:21.874000)

updates: Oil prices slip on weaker US consumer demand

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Version 0.79 (2024-06-13 18:57:26.713000)

updates: Oil prices rise slightly on US economic data

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Version 0.78 (2024-06-13 09:00:13.008000)

updates: Oil prices closed higher due to ongoing tensions in the Middle East

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Version 0.77 (2024-06-13 07:58:39.511000)

updates: Oil prices fall as US Federal Reserve delays rate cut and US stockpiles rise

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Version 0.76 (2024-06-13 06:58:58.330000)

updates: Oil prices fall as US inventories rise

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Version 0.75 (2024-06-13 05:54:34.966000)

updates: Oil prices fell as the US Federal Reserve likely pushed back a possible interest rate cut to December. Brent crude futures lost 23 cents, or 0.3%, to $82.37 a barrel, and US West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.3%, to $78.30. The Fed held rates steady and pushed out the start of policy easing. Higher borrowing costs can dampen economic growth and limit oil demand. US crude stockpiles rose more than expected, driven by a jump in imports, while fuel inventories also increased. The International Energy Agency warned of excess supply. Ongoing talks for a ceasefire in Gaza could reduce fears of potential supply disruptions. Hamas proposed changes to a US-backed proposal for a ceasefire.

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Version 0.74 (2024-06-13 02:53:12.851000)

updates: Oil prices fell as US Federal Reserve maintained interest rates, impacting market sentiment. Concerns over supply disruptions and ceasefire negotiations in Gaza added volatility to the market.

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Version 0.73 (2024-06-13 01:55:09.334000)

updates: Oil prices fell due to US Federal Reserve's decision and rising US crude stockpiles

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Version 0.72 (2024-06-10 22:57:32.970000)

updates: Updates on US crude and fuel stockpiles, Macquarie Bank's forecast on US crude inventories

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Version 0.71 (2024-06-09 23:54:15.773000)

updates: Updates on US oil and gas production

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Version 0.7 (2024-06-06 10:57:10.599000)

updates: Oil prices extended losses slightly from the previous session in early Asian trading on Wednesday after an industry report showed builds in U.S. crude and fuel stockpiles, adding to concerns around demand growth. OPEC plans to gradually phase out 2.2 Mb/d of quota cuts starting October 1st, resulting in a knockout blow to crude prices. WTI reached a high of US$80.62/b in May but fell due to rising US inventories and weaker demand in the US and China. The two largest consuming nations may see weaker demand, potentially causing crude prices to breach US$70/b. The US credit card delinquency rate is at its highest level since 2011, indicating lower consumer spending. The Bank of Canada lowered its rate to 4.75% and may lower it further. The Canadian dollar fell to 72.92 on this news. The slowdown in the consumer side of the economy may drag the overall economy into recession, but generous deficit spending by governments is offsetting this. OPEC's plan to increase production may cause friction with Iran. China is restricting the sale of nitrocellulose to harm the US and NATO countries. The NSA warns of China's destructive cyberattacks on critical US infrastructure. President Biden is pushing for a deal between Hamas and Israel. Israel is seeing more rocket barrage attacks from Hezbollah. US inventories rose by 14.4 Mb, with commercial stocks rising by 1.2 Mb. US crude production was flat at 13.1 Mb/d. Natural gas storage rose by 84 Bcf, with storage now at 2.42 Tcf. The US rig count remained unchanged at 600 rigs, while the Canadian rig count increased to 128 rigs. The S&P/TSX Energy Index is at 282, down 14 points from last week. Energy stocks peaked in April and a correction is expected. WTI prices are expected to breach US$72/b as inventories continue to build. Longer-term, WTI prices are expected to exceed the high of US$147.27/b in 2008. The next low-risk buying opportunity for energy stocks is expected during Q3/24.

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Version 0.69 (2024-06-05 00:54:30.900000)

updates: Oil prices slide on builds in US crude and fuel stockpiles

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Version 0.68 (2024-05-31 10:57:56.282000)

updates: Added information about US inventories, crude oil prices, economic data, geopolitical conflicts, and energy sector

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Version 0.67 (2024-05-17 18:54:52.079000)

updates: Integration of new information on rising yields and their impact on equities

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Version 0.66 (2024-05-17 11:54:11.858000)

updates: Mixed signals impact oil futures as benchmarks hold slim weekly gains

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Version 0.65 (2024-05-17 10:55:57.219000)

updates: Oil prices rise on positive US demand outlook and potential rate cuts

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Version 0.64 (2024-05-17 09:59:00.289000)

updates: Improved demand outlook in US and China

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Version 0.63 (2024-05-17 07:53:15.957000)

updates: Oil prices set for weekly gain on signs of improving demand

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Version 0.62 (2024-05-17 06:54:57.641000)

updates: Oil prices gain on signs of improving demand, set for weekly increase

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Version 0.61 (2024-05-17 05:54:19.626000)

updates: Oil prices steady, on track for modest weekly gains as demand outlook brightens

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Version 0.6 (2024-05-17 05:52:39.627000)

updates: Updated information on US economic data and rate cut expectations

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Version 0.59 (2024-05-16 16:54:49.226000)

updates: Oil prices rise on positive US economic data and demand outlook

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Version 0.58 (2024-05-16 14:57:25.343000)

updates: New information on US economic data, labor market, and crude oil inventories

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Version 0.57 (2024-05-16 09:57:00.584000)

updates: Oil prices rise on positive demand outlook in world's biggest crude consumers

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Version 0.56 (2024-05-16 07:59:59.121000)

updates: Oil prices extended gains on signs of stronger demand in the US, where data showed slower inflation than expected, bolstering the argument for an interest rate cut that could drive greater consumption. Brent futures rose 32 cents, or 0.4 percent, to $83.07 a barrel at 9:20 a.m. Saudi time, while US West Texas Intermediate crude gained 31 cents, or 0.4 percent, to $78.94. US consumer prices rose less than expected in April, boosting expectations for a September rate cut by the Federal Reserve. Crude inventories fell 2.5 million barrels to 457 million barrels in the week ended May 10, according to the Energy Information Administration. The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth, widening the gap between its view and that of OPEC. Global oil demand this year will grow by 1.1 million barrels per day, down 140,000 bpd from its previous forecast, largely due to weak demand in developed nations of the Organization for Economic Co-operation and Development.

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Version 0.55 (2024-05-16 06:55:12.520000)

updates: Oil prices rose on slower US inflation and strong demand

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Version 0.54 (2024-05-16 05:54:05.824000)

updates: Oil prices rise on weaker dollar and tighter supply expectations

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Version 0.53 (2024-05-16 05:53:13.318000)

updates: Oil prices rise on slower US inflation and strong demand

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Version 0.52 (2024-05-15 09:56:21.295000)

updates: Oil prices rose on Wednesday on expectations for higher demand as the U.S. dollar weakened and a report showed U.S. crude and gasoline inventories fell while the release of inflation data may point to a more supportive economic outlook.

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Version 0.51 (2024-05-15 08:53:59.978000)

updates: Updates on US crude inventories and inflation data

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Version 0.5 (2024-05-15 08:02:49.902000)

updates: Updates on US crude inventories, concerns about inflationary pressures, weak demand signs, geopolitical tensions

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Version 0.49 (2024-05-15 07:56:43.265000)

updates: Oil prices rose on Wednesday on expectations for higher demand as the US dollar weakened and a report showed US crude and gasoline inventories fell while the release of inflation data may point to a more supportive economic outlook.

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Version 0.48 (2024-05-15 06:55:08.027000)

updates: Oil prices rise on US inventories drawdown expectations, CPI focus

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Version 0.47 (2024-05-15 05:54:27.700000)

updates: Oil market settled lower on concerns of high interest rates

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Version 0.46 (2024-05-14 06:54:13.211000)

updates: The story now includes information about investors awaiting the US inflation data and the OPEC report

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Version 0.45 (2024-05-14 05:54:42.652000)

updates: Oil prices surge on China's fiscal stimulus and Canadian wildfires

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Version 0.44 (2024-05-14 01:59:08.585000)

updates: Oil prices rise on tighter supply outlook

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Version 0.43 (2024-05-14 01:58:03.162000)

updates: Oil prices rise on China stimulus and Canadian supply disruptions

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Version 0.42 (2024-05-14 00:54:08.381000)

updates: Oil prices stabilize at $83 amid economic uncertainties and OPEC speculations

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Version 0.41 (2024-05-13 11:56:47.320000)

updates: Updated information on weak fuel demand and strong dollar

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Version 0.4 (2024-05-13 10:55:18.082000)

updates: Oil prices extend declines on strong dollar

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Version 0.39 (2024-05-13 09:56:52.651000)

updates: Oil prices dipped as Federal Reserve officials showed a cautious approach to interest rate adjustments. Recent U.S. economic data suggested a slowdown, further dampening market sentiment. Signs of weak demand added to the bearish sentiment in the oil market. The oil rig count in the United States declined to its lowest level since November, signaling a potential slowdown in domestic oil production.

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Version 0.38 (2024-05-13 08:52:06.167000)

updates: Updated oil prices and additional details on weak fuel demand and strong dollar

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Version 0.37 (2024-05-13 07:53:13.033000)

updates: Updated oil prices, added information on China's producer price index and gasoline inventories

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Version 0.36 (2024-05-13 06:55:53.550000)

updates: Additional details on fuel demand, producer price index, and oil rig count

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Version 0.35 (2024-05-13 05:52:53.118000)

updates: Updated information on weak fuel demand and strong dollar

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Version 0.34 (2024-05-13 05:52:38.282000)

updates: Oil prices react to concerns about Chinese imports and US inflation

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Version 0.33 (2024-05-10 07:55:09.372000)

updates: Positive US-China demand data boosts oil prices

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Version 0.32 (2024-05-09 01:56:04.588000)

updates: Oil prices rose on US crude storage draw and Fed rate cut hopes

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Version 0.31 (2024-05-08 23:53:54.591000)

updates: Oil prices ended higher after US crude stock draw

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Version 0.3 (2024-05-08 16:53:16.733000)

updates: Oil prices rebound from 8-week lows following EIA data report

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Version 0.29 (2024-05-08 14:53:16.089000)

updates: Updates on US inventory data and Middle East tensions

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Version 0.28 (2024-05-08 09:56:22.308000)

updates: Added information about US stockpile build and Middle East tensions

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Version 0.27 (2024-05-08 08:58:03.153000)

updates: Incorporated information on the decline in oil prices, rising US stockpiles, and Middle East uncertainty

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Version 0.26 (2024-05-08 08:52:23.820000)

updates: Updated information on US stockpiles and Middle East tensions

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Version 0.25 (2024-05-08 02:56:41.379000)

updates: Middle East tensions added to the factors affecting oil prices

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Version 0.24 (2024-05-08 02:56:27.850000)

updates: Oil prices fall on rising US stockpiles and weak demand

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Version 0.23 (2024-05-08 01:53:07.445000)

updates: Oil prices continue to fall on rising US stockpiles and weak demand

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Version 0.22 (2024-05-02 07:56:41.555000)

updates: Oil prices fall due to US inventory build and inflation concerns

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Version 0.21 (2024-05-01 14:53:34.202000)

updates: Inclusion of EIA report on increase in crude inventory

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Version 0.2 (2024-04-03 00:18:00.274000)

updates: Oil prices rise on decrease in US stockpiles and OPEC+ meeting

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Version 0.19 (2024-03-27 03:18:46.013000)

updates: Oil prices fell for a second day after US crude inventories surged

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Version 0.18 (2024-03-27 02:19:43.436000)

updates: Information about US crude inventories and OPEC+ output policy

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Version 0.17 (2023-12-06 04:29:16.988000)

updates: Crude oil prices continue to fall despite OPEC+ output cuts

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Version 0.16 (2023-12-04 14:36:19.745000)

updates: Integration of information about the impact of lower crude demand on propane retailers

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Version 0.15 (2023-12-04 08:35:58.686000)

updates: Updated information on OPEC+ cuts and concerns over rising supplies

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Version 0.14 (2023-12-04 07:39:52.103000)

updates: Integration of information on geopolitical tensions and China's economy

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Version 0.13 (2023-12-02 16:45:46.192000)

updates: Updated information on OPEC+ cuts, concerns about global manufacturing, Saudi Arabia's warning, and additional sanctions on Russian oil

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Version 0.12 (2023-12-02 11:40:40.178000)

updates: Oil prices fell more than 2% due to investor skepticism over OPEC+ cuts

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Version 0.11 (2023-12-01 04:47:47.584000)

updates: Oil prices fall after OPEC+ cuts underwhelm market expectations

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Version 0.1 (2023-12-01 03:46:06.523000)

updates: Oil prices fall after OPEC+ cuts underwhelm market expectations

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Version 0.09 (2023-11-29 19:48:50.676000)

updates: WTI crude oil prices rise amid OPEC+ meeting speculations and weaker US dollar

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Version 0.08 (2023-11-28 09:41:25.902000)

updates: Oil prices rise on weak dollar and expectations of OPEC+ output cuts

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Version 0.07 (2023-11-28 05:39:12.593000)

updates: Brent crude sliding below $80 per barrel, OPEC+ meeting updates

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Version 0.06 (2023-11-27 19:45:50.502000)

updates: Updated information on OPEC+ meeting and oil prices

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Version 0.05 (2023-11-25 06:44:27.219000)

updates: Geopolitical risk subsides, OPEC+ meeting delayed

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Version 0.04 (2023-11-25 06:37:14.027000)

updates: Oil prices fell on Friday, but still recorded their first weekly gain in over a month.

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Version 0.03 (2023-11-24 09:46:55)

updates: Brent crude futures rose slightly as traders speculated on whether the OPEC+ producer group would agree on further supply cuts. Recent Chinese data and aid to the property sector could have a positive impact on the oil market. Gains may be limited by higher U.S. crude stockpiles and weak refining margins.

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Version 0.02 (2023-11-24 03:16:24.492000)

updates: Brent crude futures rose in early Asian trade on Friday as traders speculated on whether OPEC+ would agree on further production cuts. Both Brent crude and U.S. West Texas Intermediate crude are on track for their first weekly rise in five, supported by expectations that OPEC+ could reduce supply to balance the markets into 2024. In China, analysts predict that oil demand growth could weaken in the first half of 2024 due to the country's property sector crunch. Non-OPEC production growth is expected to remain strong, with Petrobras planning to invest $102 billion to boost output by 2028.

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Version 0.01 (2023-11-23 16:18:12.401000)

updates: Oil prices fall 2% after OPEC+ meeting delay

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Version 0.0 (2023-11-23 12:10:54.330000)

updates:

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