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Commodities

Natural Gas Rebounds On EIA Data

Natural gas futures trimmed losses ahead of the latest round of government inventory data early Thursday as strong liquefied natural gas takeaway continue to support prices.Coming off a 36.1-cent sell-off in the previous session, the December delivery Nymex contract was up 17.7 cents to $4.993/MMBtu.Technical momentum and evidence of strong …

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Oil is Falling on US-China

The benchmark Brent crude fell during those moments of trading today, Thursday, below the levels of 80 dollars, as it is trading at levels of 79.8 dollars, down 0.6 dollars. The benchmark Brent crude has fluctuated between levels of $80.15 as a top and $79.6 as a bottom since trading …

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EIA: US Crude Stockpiles Fall

US crude stocks fell unexpectedly last week as refineries, enjoying strong margins due to higher fuel prices, ramped up output ahead of the winter heating season, the Energy Information Administration said on Wednesday.Crude inventories dropped by 2.101 million barrels last week, compared with analysts’ expectations for a build of 1.398 …

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