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This Week’s Market Buzz

•    GZA received the Rock Solid Excellence in Safety Award from the Illinois Association of Aggregate Producers (IAAP) for the 13th year in a row. The company’s Mark Krumenacher is also the proud recipient of the IAAP’s Associate Member Leadership Award for his tireless work for the organization promoting sustainability and environmental stewardship in mining.

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This Week’s Market Buzz

•    Brent oil prices topped $70 per barrel for the first time in nearly five months, as expectations of tight global supply outweighed pressure from rising U.S. production and less robust global demand indicators. U.S. West Texas Intermediate crude settled 36 cents lower at $62.10 a barrel at press time, the highest since November 2018.

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This Week’s Market Buzz

•    Oil prices plunged about 3 percent at press time, putting crude futures on pace for a second weak of losses, after U.S. government data showed recent job gains grinding to a halt last month. Crude futures were already under pressure after data showed a slump in Chinese imports and exports in February and the European Central Bank slashed its outlook for economic growth on the continent. U.S. West Texas Intermediate crude futures fell $1.73, or 3.1 percent, to $54.92. Brent crude futures were down $2.03, or 3.1 percent, to $64.27 a barrel.

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This Week’s Market Buzz

•    Preferred Sands withdrew its plans for an initial public offering. It originally filed in August 2017 with a proposed deal size of $100 million.

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This Week’s Market Buzz

• Oil prices hovered around 2019 highs at press time, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were capped by slowing growth in the global economy. Crude inventories rose by 3.7 million barrels in the week to Feb. 15, the U.S. Energy Information Administration said, compared with analysts' expectations for an increase of 3.1 million barrels. U.S. West Texas Intermediate (WTI) crude oil futures were at $57.04 a barrel. WTI hit a fresh 2019 high of $57.61 earlier in the day. Brent crude futures rose by 10 cents to $67.18 after touching a 2019 peak of $67.38.

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