Oil Gains Over 4% Likely On Profit-Taking, Short Covering
While fundamentals took over from the war-risk premium this week, pummeling oil prices, Brent crude was gaining over 4% by midday Friday
Source: oilprice.com
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As Oil Prices Fall, Russia To Slash Crude Export Duties
Russia is set to slash its crude oil export duty by 5.7% for December as the price of its Urals blend drops, Bloomberg reported on Wednesday,
Source: oilprice.com
Will Falling Crude Prices Lead To Deeper OPEC+ Cuts?
The excessive piling of bearish positions could prompt Saudi Arabia to roll over its extra production cut of 1 million barrels per day, or at least part of it, into 2024
Source: oilprice.com
OPEC Oil Production Rises In September
OPEC's crude oil production rose in September compared to August, according to the group's latest Monthly Oil Market Report published on Thursday.
Source: oilprice.com
3 Key Risk Factors In Oil Right Now
Following last week’s decline, there has been no respite from volatility for crude oil prices, with both concerns about economic growth and renewed risk from the Middle East influencing the markets
Source: oilprice.com