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Oil Price Fundamental Daily Forecast – Vaccine Rollouts Boosting Demand Optimism as Brent Nears $60 Level


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Oil Price Fundamental Daily Forecast – Vaccine Rollouts Boosting Demand Optimism as Brent Nears $60 LevelIt would have to take a dramatic shift in the optimism over the COVID-19 vaccine rollout to truly derail the current rally.
Feb 05, 2021 01:28 PM GMT
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures rose to their highest levels in nearly a year on Friday with Brent traders zeroing in on the psychological $60 a barrel level on economic revival hopes led by strong compliance with the planned output cuts by OPEC+.
Also contributing to the gains were another drawdown in U.S. stockpiles, a rise in new orders for U.S.-made goods, which indicates continued strength in manufacturing and hopes for the passage of President Joe Biden’s COVID-19 relief plan. ....

United States , April Brent , Joe Biden , Energy Information Administration , Oil Policy As Prices Rise Towards , Texas Intermediate , President Joe Biden , Soil Policy , Prices Rise Towards One Year , Stockpiles Fall , Gasoline Inventories Surge , ஒன்றுபட்டது மாநிலங்களில் , ஏப்ரல் ப்ரெண்ட் , ஓஹோ பிடென் , எண்ணெய் பாலிஸீ என ப்ரைஸஸ் உயர்வு நோக்கி , டெக்சாஸ் இடைநிலை , ப்ரெஸிடெஂட் ஓஹோ பிடென் , எண்ணெய் பாலிஸீ , ப்ரைஸஸ் உயர்வு நோக்கி ஒன்று ஆண்டு , ஸ்டாக்பைல்ஸ் வீழ்ச்சி ,

Oil Price Fundamental Daily Forecast – Firms after OPEC+ Maintains Production Cuts, US Inventories Draw


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Oil Price Fundamental Daily Forecast – Firms after OPEC+ Maintains Production Cuts, US Inventories DrawOPEC+ maintained its oil output policy at a meeting on Wednesday, a sign producers are happy that their deep supply cuts are draining inventories.
Feb 04, 2021 10:52 AM GMT
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging higher on Thursday, helped by Wednesday’s government report that showed another draw in crude stockpiles, and after OPEC+ members agreed to continue its reduced output policy.
Additional support is being generated by optimism over a speedier U.S. economic recovery on the prospect of additional stimulus from Washington and a successful rollout of the U.S. vaccination program. ....

Dharmendra Pradhan , Joe Biden , Petroleum Exporting Countries , Oil Policy As Prices Rise Towards , Soil Policy , Prices Rise Towards One Year , Joint Ministerial Monitoring Committee , Less Pessimistic , தர்மேந்திரா ப்ர்யாட்ஹந் , ஓஹோ பிடென் , பெட்ரோலியம் ஏற்றுமதி நாடுகள் , எண்ணெய் பாலிஸீ என ப்ரைஸஸ் உயர்வு நோக்கி , எண்ணெய் பாலிஸீ , ப்ரைஸஸ் உயர்வு நோக்கி ஒன்று ஆண்டு , கூட்டு மந்திரி கண்காணிப்பு குழு ,