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
The EIA is reporting that: U.S. overall crude production grew by 0.7% to 12.99 million barrels per day in July, the highest level since November 2019. Texas experienced a 1.3% increase in crude production, reaching 5.63 million barrels per day in July, setting a new record. New Mexico’s crude production rose by 0.6% to 1.78
