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


To: Goose94 who wrote (134501)10/3/2022 9:54:36 AM
From: Goose94Read Replies (1) | Respond to of 202561
 
Crude Oil: rallies on hope for OPEC+ cut

The price of West Texas Intermediate crude spiked as much as 4.8 per cent this morning on hope for a big production cut when OPEC+ meets in Vienna this week. Our Bloomberg News partners are reporting the cartel and its allies will consider slashing their collective output quota more than one million barrels per day at the Wednesday meeting. This is with WTI down about one-third since the March peak as central banks’ rate hikes fuel recession fears.

BNN.ca