Two Reasons Why Oil Prices Rose Today

Two Reasons Why Oil Prices Rose Today

OilPrice.com

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Oil prices were trading up over 1% on Thursday afternoon, the latest development in the current oil market that can’t decide whether oil prices should be up or down. Today’s major catalysts include the day-ago signed truce to the US-China trade deal that promised—perhaps overly optimistically so—to see China purchase tens of billions of dollars wroth of US energy exports, along with today’s approval by the US Senate of the US-Mexico-Canada trade deal known as the USMCA, which should also provide a boost to US oil exports.…

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