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Is the Pullback in Oil Prices Short-Lived?

Robert Scott
Is the Pullback in Oil Prices Short-Lived?

On August 9, September US crude oil futures fell 0.2% and settled at $66.81 per barrel—the lowest closing level for active US crude oil futures since June 21. On the same day, oil-weighted stocks Hess Corporation (HES), Occidental Petroleum Corporation (OXY), and Apache Corporation (APA) fell 2.9%, 4.2%