# A Bullish Nudge For Oil | OilPrice.com

> October WTI was set to finish the week higher after a weak Monday, as US-China trade talks were confirmed to resume on September 4. Two large weekly US inventory drawdowns, reported by API and EIA, supported prices.

- Date: 2019-08-30 · published 2019-08-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/57746-a-bullish-nudge-for-oil-oilprice-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Falling US crude inventories and easing trade tensions support energy prices, which feed into biofuel economics and feed transport costs.

## Read by commodity

- WTI: bullish ▲

## Sources

- oilprice.com: https://oilprice.com/Energy/Energy-General/A-Bullish-Nudge-For-Oil.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.