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(Flash: The recent report that President Trump is delaying some tariff on China has boosted prices.)
We had tanking Treasury yields, the shutdown of the Hong King airport, fears of an Argentinian debt default, federal government spending at a record $3.73 trillion in the first 10 months of fiscal 2019 and a deficit of $867 billion.
The oil market was able to withstand mounting economic headwinds as it prepares for what should be a big drop in U.S. crude supply and the fact that Saudi Arabia is already reducing allocations of oil