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Oil In Sight of $65 With Saudi Supply Gamble Reverberating

(Bloomberg) Oil rallied to the highest in nearly two years in New York after OPEC+ shocked markets with a decision to keep supply limited as the global economy starts to recover from a pandemic-driven slump.U.S. benchmark crude futures topped $66 a barrel on Friday, while its global counterpart Brent neared the key $70 level. The producer alliance’s supply curbs and the rollout of Covid-19 vaccines have aided a stellar rebound for crude from the depths of the coronavirus-related fallout. OPEC+’s surprise decision on Thursday to keep output steady in April boosted prices further and led to strength in the market’s structure. Major banks upgraded price forecasts, with some calls for oil reaching north of $100 next year.“In some ways, even more important than the lack of oil was the message that came with it: They’re not really worried about price, not worried about tightening,” said Paul Horsnell, head of commodities research at Standard Charte ....

Oil Futures , Crude Futures , எண்ணெய் எதிர்காலங்கள் , கச்சா எதிர்காலங்கள் ,

Oil In Sight of $65 as OPEC+ Supply Shock Feeds Powerful Rally

(Bloomberg) Oil rallied to the highest in nearly two years in New York after OPEC+ shocked markets with a decision to keep supply limited as the global economy starts to recover from a pandemic-driven slump.U.S. benchmark crude futures topped $66 a barrel on Friday, while its global counterpart Brent neared the key $70 level. The producer alliance’s supply curbs and the rollout of Covid-19 vaccines have aided a stellar rebound for crude from the depths of the coronavirus-related fallout. OPEC+’s surprise decision on Thursday to keep output steady in April boosted prices further and led to strength in the market’s structure. Major banks upgraded price forecasts, with some calls for oil reaching north of $100 next year.“In some ways, even more important than the lack of oil was the message that came with it: They’re not really worried about price, not worried about tightening,” said Paul Horsnell, head of commodities research at Standard Charte ....

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Oil prices firm on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories

Oil prices firm on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories
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Brent Crude Price , Us West Texas Intermediate , Crude Futures , Oil Prices , ப்ரெண்ட் கச்சா ப்ரைஸ் , எங்களுக்கு மேற்கு டெக்சாஸ் இடைநிலை , கச்சா எதிர்காலங்கள் , எண்ணெய் ப்ரைஸஸ் ,