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September 01, 2020 1:25pm
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WTI Extends Losses After Across-The-Board Inventory Builds

Oil prices were weaker this morning following weak Manufacturing data and a poor ADP jobs report, and following last night’s across-the-board builds reported by API. Additionally, OPEC+ committee recommended keeping crude production steady as the oil market awaits clarity on demand in China and supplies from Russia. “Everyone agrees that the situation is quite stable […] Source
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