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US oil plunged below $0 a barrel on Monday: Here's all you need to know about negative crude futures and what it means for consumers
•The price of a barrel of benchmark US oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut
Oil prices rise on OPEC-led supply cuts, report of falling US crude inventories despite pressure from Donald Trump
•Crude oil has been rising lately, not due to strong growth and rising demand but primarily due to a politically orchestrated cut in production from OPEC and friends, said an analyst
Crude rises 1% as US threatens sanctions against Venezuela after political turmoil; global oil markets still well-supplied
•Record US crude production would likely offset any short-term disruptions to Venezuelan supply due to possible US sanctions, Britain’s Barclays on Thursday said in a note.
Crude oil prices inches up on hopes fiscal stimulus by China, Japan to stem economic slowdown
•International Brent crude oil futures were at $61.79 per barrel, up 29 cents, or 0.5 percent, from their last close.
Oil prices rise as hopes for stimulus in China heightens
Fp Archives •Chinese oil imports fell about 11 percent in May from a year ago in the steepest drop since November 2013.
US pumped 7.5 mn crude oil barrels/day in 2013; biggest boom in 40 yrs
Fp Archives •China may overtake US to become largest oil importer before year-end
Fp Archives •Energy-hungry China is expected to overtake the US to become the world's largest net oil importer before the end of this year, according to a report.