Futures Movers: Oil pares earlier gains, set to suffer a sixth weekly loss [MarketWatch]
CME Group Inc. - Class A (CME)
Last cme group inc. - class a earnings: 4/29 07:00 am
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Source: MarketWatch
Oil pares earlier gains, set to suffer a sixth weekly loss U.S. and global crude benchmarks pared some of their earlier gains in volatile Friday trading, with both set to suffer sizable losses for sixth week in a row. Talk of production cuts among major oil producers provided a lift to prices. A supply build, however, including in the latest U.S. data out Thursday, has pushed the market down for the week, amid evidence of weakening global economic growth and the decision by the Trump administration to grant waivers to major buyers of Iranian crude following the enactment of sanctions. Sanctions had been expected to keep most Iranian oil off the market. December West Texas Intermediate crude CLZ8, +0.00% was up 32 cents, or 0.6%, to $56.78 a barrel after a high near $58. Phil Flynn, senior market analyst at Price Futures Group, said the resumption of oil exports Friday from the Kirkuk region in Iraq was behind a brief turn lower for prices. Exports from the region had been halted
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