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


To: Goose94 who wrote (138100)11/22/2022 2:40:01 PM
From: Goose94Read Replies (1) | Respond to of 202784
 
Crude Oil: markets have been seesawing in a spectacular fashion this week. Still trying to overcome the pain of so many financials quitting the game last week, a WSJ report that argued OPEC+ was looking to increase its production target by 500,000 b/d come January 2023 has sent prices dovetailing, only to be halted by Saud Arabia, the UAE and Kuwait all denying the rumors and insisting that if anything, OPEC+ would be cutting further.

Will OPEC+ Increase Production?

A Wall Street Journal report claiming OPEC+ is looking to hike collective output by 500,000 b/d next time it meets in early December, sending prices tumbling on Monday, however, Saudi Arabia and the UAE were quick to deny these rumors the same day.

Oilprice.com