Crude Oil Prices Inch Up After Plunge, Demand Worries Dominate
The oil market is like all others focused on the Fed but its own dynamics look gloomy
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The oil market is like all others focused on the Fed but its own dynamics look gloomy
The oil market remains pretty much rangebound maintaining a bearish bias.
Saudi Arabia production cut and extension of voluntary cuts through 2024 for other OPEC+ members saw Crude Oil gap up to $75 at the open.
Oil price rallies for the second day on Friday as global markets breathe a sigh of relief after the US Senate votes through the debt-ceiling extension
Oil price trades flat in the upper $67s (Brent in the lower $72s) on Thursday after making a small recovery from just above $67 reached the day before