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

To: Goose94 who wrote (114279)	10/1/2021 2:58:03 PM
From: Goose94	Read Replies (1) \| Respond to of 203330

Crude Oil: Markets On Edge As OPEC+ Meeting Looms As OPEC+ meets once again next Monday, speculation has been rife regarding the oil group’s intentions to bring more crude into the market. Whilst prices are still close to the $80 per barrel mark, with Brent trading around $78 per barrel and WTI trending around $74.5 per barrel, the first US inventory stock build since late July and news of OPEC+ laggards (Russia and Kazakhstan) ramping up supply has provided some downside for prices. At the same time, exorbitantly high gas prices driving gas-to-oil switching in Asia and the US dollar weakening are largely offsetting those factors.