Oil prices dip ahead of holiday, US dollar up
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
Source: albawaba.com
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Andurand: OPEC+ May Need to Cut More as U.S. Oil Production Soars
According to Pierre Andurand, the OPEC+ group may need to make additional oil production cuts to offset rising U.S. supply.
Source: oilprice.com
Top Oil Fund Books Largest Outflows Since 2016 on OPEC+ Uncertainty
The world’s top oil fund saw daily withdrawals of nearly $225 million on Tuesday due to uncertainty over the OPEC+ meeting.
Source: oilprice.com
Oil Prices Plunge by 4% as OPEC+ Postpones Meeting
Oil prices fell by more than 4% on Wednesday morning after this weekend’s OPEC+ meeting was delayed.
Source: oilprice.com
OPEC+ delays meeting by four days on struggles over African quotas
The news deepened the recent selloff in crude prices, which slumped as much as 4.9% to below $79 a barrel in London.
Source: cnbctv18.com