Page 12 - Pec News Today

ALBAWABA – Oil prices fell on Wednesday ahead of the US Thanksgiving holiday as the US dollar rose and markets held out for OPEC+'s decision next Sunday

Are you preparing for UPSC CSE Prelims 2024? Check your progress and revise your topics through following quiz on Economy.

Oil prices remained depressed early on Thursday morning after news that OPEC+ had delayed its meeting sent both Brent and WTI tumbling on Wednesday.

McGuire anticipates positive news from the OPEC+ meeting and doesnt foresee additional supply cuts.

Oil prices dropped early on Wednesday morning on rumors that this weekend’s OPEC+ meeting might be delayed.

ALBAWABA – Oil prices fell on Wednesday ahead of the US Thanksgiving holiday as the US dollar rose and markets held out for OPEC+'s decision next Sunday

According to Pierre Andurand, the OPEC+ group may need to make additional oil production cuts to offset rising U.S. supply.

The world’s top oil fund saw daily withdrawals of nearly $225 million on Tuesday due to uncertainty over the OPEC+ meeting.

Oil prices fell by more than 4% on Wednesday morning after this weekend’s OPEC+ meeting was delayed.

The news deepened the recent selloff in crude prices, which slumped as much as 4.9% to below $79 a barrel in London.