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Oil, OPEC
Oil Price Expected to Weaken If OPEC+ Hikes Supply
Expectations that the OPEC and its allies will start unwinding voluntary output curbs of 2.2 million barrels a day starting from December is adding to market nervousness.
Oil prices slide 3% on prospect of more OPEC+ oil
Oil prices fell more than 3% on Thursday on a Financial Times report that Saudi Arabia, the world's top crude exporter, will give up its $100 price target in preparation for raising output, along with OPEC members and allies in December.
Why oil prices have plunged 3% today
A report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday. According to sources that spoke with the Financial Times, the kingdom will no longer seek a $100 per barrel price and is instead ready to increase oil output.
7h
Crude oil prices today: WTI is trading at $67.30
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...
13h
on MSN
Commodity Roundup: Oil faces big weekly loss; BMI ups 2024 gold price forecast
Gold prices (XAUUSD:CUR) ticked lower on Friday, however, set for their third-consecutive weekly gain, as weak U.S. data ...
2d
Eni CEO sees Brent oil price around $80 per barrel in Q4
The chief executive of Italian energy group Eni expects Brent oil prices to recover to around $80 per barrel in the coming ...
17h
Home heating oil drops to lowest price in 14 months
The cost of home heating oil has dropped to the lowest levels since July 2023. On average, it will cost about £286.83 to fill ...
4h
on MSN
Oil Prices Are Rising Today: What You Need To Know
Shares of United States Brent Oil Fund, LP (ARCA: BNO) are trading higher Friday as oil prices react to escalating tensions ...
1d
OPEC+ set to go ahead with Dec oil output hike, sources say
OPEC+ is set to go ahead with a December oil output increase as its impact will be small should a plan for some members to ...
10h
Analysis-US Gulf Coast oil prices to take center stage as exports dominate
Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on ...
MoneyWeek
2d
What's next for oil prices?
Despite a “widening war” in the Middle East and the Opec cartel’s “best efforts” to cap supply, oil prices just keep on ...
4d
Investors shorting oil are walking into a 'bear trap' with energy demand set to surge, Bank of America says
Investors have turned bearish on oil amid fears of oversupply, but if GDP grows in line with estimates next year, energy ...
Crude Oil Prices
10d
The Latest Oil Price Crash Appears to Have Come to an End
Oil prices have tumbled dramatically in recent weeks, but that price crash appears to have come to an end due to price ...
1d
on MSN
Oil ends at 2-week low after report Saudi Arabia to scrap price target, boost output
Oil futures fell on Thursday, pressured after the Financial Times reported that Saudi Arabia was ready to abandon its ...
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