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Forbes HeadlinesMay 24, 2019
Oil Markets Finally Succumb to US-China Trade Fears
One could logically argue that crude oil prices should be heading toward $100 a barrel given the bullish factors in global oil markets. Why prices have stayed low is something of a mystery that cannot be explained by President Trump's Twitter habits alone.

Reuters BusinessMay 24, 2019
Oil rises more than 1% but sets biggest weekly loss of 2019
Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy.

Futures Movers: Oil futures suffer worst weekly performance of the year (MarketWatch)

Reuters Company NewsMay 24, 2019
UPDATE 8-Oil edges higher but set for biggest weekly loss of 2019
* U.S. oil drillers cut rigs for third week in a row -Baker Hughes (New throughout, updates prices, market activity and comments; adds rig count data)

UPDATE 7-Oil steady but set for 2019's biggest weekly loss (Reuters Company News)

MarketWatch MarketPulseMay 24, 2019
U.S. oil prices finish higher, but post worst week of the year
U.S. oil futures finished higher Friday, recouping some of the losses they saw from a day earlier when they settled at a more than two-month low. Prices, however, also posted their worst weekly decline year to date. Traders continued to gauge the risk of an energy demand slowdown as the U.S. and China continue to grapple with their dispute on trade. "There was a violent repricing of risk on Thursday after the rather disappointing global Flash PMIs discounted the argument that solid growth will continue to underpin demand. And that, paired with ongoing trade war tensions led to the big declines" that left the market "to finish the week deep in the red," said Tyler Richey, co-editor at Sevens Report Research. July WTI oil rose 72 cents, or 1.2%, to settle at $58.63 a barrel on the New York Mercantile Exchange. After a 5.7% drop Thursday, front-month contract prices lost 6.8% for the week, according to Dow Jones Market Data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Reuters BusinessMay 24, 2019
Oil edges higher but set for biggest weekly loss of 2019
Oil prices climbed 1 percent on Friday ahead of long U.S. and UK holiday weekends, but were on track for their biggest weekly drop of the year, pressured by rising inventories and worries about the global economy.
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