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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (69150)10/18/2019 2:40:58 PM
From: Goose94Read Replies (2) | Respond to of 202435
 
Crude Oil: As a result of weak demand a growing supply, and the growing likelihood of a glut in 2020, many analysts are betting that OPEC+ undertakes deeper cuts when they meet in Vienna in December. “If by December there are clear signs of economic weakness, then a further deepening by a minimum of 500,000 barrels a day would be highly likely,” Citigroup’s Ed Morse said.

The EIA reported a large 9.3-million crude oil inventory build for last week.