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      • Oil prices and Wall Street's main indexes (.DJI), (.SPX), (.IXIC) both fell after U.S. Treasury Secretary Janet Yellen said the government could run out of money within a month.
      www.reuters.com/markets/commodities/oil-falls-economic-fears-weigh-against-potential-crude-draw-2023-05-02/
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  2. Dec 11, 2023 · New York CNN — US oil futures notched their seventh straight week of declines on Friday, marking their longest losing streak in five years. The prolonged drop comes as analysts worry about...

  3. Dec 29, 2023 · Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world.

    • Nicole Jao
  4. Nov 17, 2023 · Oil prices dropped around 5% on Thursday to their lowest in four months, as investors worried about global oil demand following weak data from the U.S. and Asia.

  5. Oct 6, 2023 · “One of the dynamics that I think has fueled oil prices moving lower is that production in the U.S. rose 5% or 6% over just a couple of weeks,” Adams said.

  6. Jan 11, 2023 · We forecast that U.S. production will grow by 5% (1.0 million b/d) in 2023, and OPEC liquid fuels production (which includes crude oil) will increase by 0.5% (160,000 b/d) in 2023. We forecast that global petroleum production in 2024 will increase by 2% (1.7 million b/d), driven by increases in U.S. and OPEC production.

  7. May 2, 2023 · Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as U.S. politicians discuss ways to avoid a debt default and investors prepare for more rate hikes this...

  8. The United States is now on track to deliver a supply increase of 1.4 mb/d in 2023, accounting for two-thirds of the 2.2 mb/d non-OPEC+ expansion. At the same time, OPEC+ will post a 400 kb/d decline, cutting its market share to 51% in 2023 – the lowest since the bloc’s creation in 2016.

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