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


To: Goose94 who wrote (116582)11/26/2021 1:06:35 PM
From: Goose94Read Replies (1) | Respond to of 203382
 
Crude Oil: WTI experienced one of their worst trading days in recent memory on Friday, plunging across the board by over 10% on fears that a new COVID-19 variant discovered in Southern Africa might dampen economic growth and trigger another demand slump. Following the spectacular failure of the SPR release, which instead of depressing prices ratcheted them up higher, renewed COVID-19 concerns have now brought about President Biden’s objective. OPEC+ might still have a say in this, with the group's December 02 meeting potentially resulting in a reduction in production targets for 2022.

Oilprice.com