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The bulls and bears are deadlocked, and oil prices are hovering in the range of 75-90 US dollars.
The trend of significant volatility in oil prices at the beginning of August has quickly reversed and is currently hovering in the range of $75-90.
Alberta Energy Regulator Penalizes Imperial Oil, Releases First Finding From Ongoing Kearl Investigation
Oil prices fall + production cuts, Saudi Arabia's June oil exports drop to a three-year low.
Due to falling oil prices and production cuts, Saudi Arabia's petroleum export revenue has fallen to its lowest level in three years.
US Total Crude Oil Stocks Decline in Week Ended Aug. 16
Oil Bottoms Out After UK Navy Reports New Attacks in Red Sea
Oil: OPEC+ Set to Postpone the Expansion of Production – Commerzbank