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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.
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 make larger cuts to compensate for overproduction be delivered in September and later months,
Oil prices mark a weekly loss on prospect of increased supply
Oil futures finished higher on Friday to modestly pare back their weekly loss from expectations OPEC+ will boost production before year-end.
Why oil prices have plunged 3% today
Saudi Arabia is committed to boosting oil output, abandoning its aim for higher prices, the FT reported.
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.
Oil Prices Retreat Toward Three-Year Lows...Again
Oil prices turned sharply lower Thursday, on waning hope that supply cuts from the OPEC+ cartel and Chinese economic stimulus would juice the market. Most actively traded futures for benchmark U.S. crude recently traded around $67 a barrel,
6h
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 ...
11h
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 ...
15h
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 ...
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 ...
2h
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 ...
8h
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 ...
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 ...
philstar.com
5h
Fuel price increase seen next week
Pump prices of fuel products are set to increase by as much as P0.90 per liter next week, with gasoline and diesel posting ...
10h
Oil ends at 2-week low after report Saudi Arabia to scrap price target, boost output
Oil futures on Thursday ended at their lowest in about two weeks, pressured after the Financial Times reported that Saudi ...
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