Crude Oil: Is The Black Liquid Poised For Another Crunch?

Crude Oil: Is The Black Liquid Poised For Another Crunch?

The crude oil price fell by more than six percent at the beginning of the month. Concerns about the effectiveness of extending OPEC+ cuts in reducing supply due to weakening Chinese demand weighed on sentiment.   Brent crude oil futures fell to $77.05 a barrel. US WTI crude futures fell to

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Crude Oil Report: What’s the news to keep an eye on?

LONDON (Reuters) – There is Investor scepticism over the latest OPEC+ decision on supply cuts and global Oil prices they continued to fall on Monday due to uncertainty over fuel demand, although the risk of supply disruptions from Middle East Rivers capped losses. – (OPEC) and oil-bearing partners, jointly known

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Crude Oil : What Lies Ahead on the OPEC Meeting Horizon?

Crude Oil : What Lies Ahead on the OPEC Meeting Horizon?

The wait for the OPEC meeting is almost over as the fate of crude oil will be seen soon on the horizon. Previously OPEC + after a plethora of long negotiations in June, has extended oil output cuts of 3.66 million barrels per day or in hindsight about 5% concerning

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Is Crude Gearing Up for Turbulence Ahead of the OPEC Meeting?

Is Crude Gearing Up for Turbulence Ahead of the OPEC Meeting?

Crude oil posted over two per cent gain on Wednesday. Prices were strongly supported as sentiment turned cautious ahead of a crucial OPEC meeting to decide production policy in coming months, while a supply disruption caused by a Black Sea storm lifted prices. Both indicators benefited from the possibility of

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Crude Oil 6% Plunge, a Predicted Twist. What’s Ahead?

Crude oil posted its biggest daily fall after 4 October 2023. Prices dropped over 6% yesterday, and touched their lowest in four months. Oil prices came under pressure as weak data from the U.S. and Asia. Anticipated an economic concern and worried about global oil demand. MCX Crude futures down

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