Share: Oil prices are likely to settle around $80/bbl, strategists at ANZ Bank report. Saudi Arabia may extend cuts as Oil market tightness eases Tightness in the Oil market has eased as growth in non-OPEC supply has more than offset strong demand. A balanced Oil market now remains reliant on production cuts being
WTI crude is up $2.94 to $75.84 as it has nearly erased yesterday’s sharp decline. The latest positive news is a sources report saying that Saudi Arabia is highly likely to extend its voluntary cut “at least until the spring”. The next OPEC meeting is Nov 26. Saudi Arabia has around 3 million barrels per
I don’t think this is a surprise, especially given the price of oil. Where it really starts to get interesting is January, which is more of a tossup. Oil has declined for two weeks, erasing the post-Hamas attack gains. This article was written by Adam Button at www.forexlive.com. لینک منبع : هوشمند نیوز
It’s all happening in the Middle East once again this weekend. A surprise attack by Hamas on Israel set off a strong response in something that will rekindle instability in the region. I doubt Israel headlines move markets but the violence comes at the same time that the US looking for some kind of peace
OIL PRICE FORECAST: Oil Continues to Advance as Supply Concerns and a Potential Rebound in Demand Keep Prices Elevated. Saudi Energy Minister to Provide a Further Update this Week on the Potential for Further Cuts or an Extension into 2024. IG Client Sentiment Shows Traders are 64% Net-Short on WTI at Present, Down from 79%
