Strategic Petroleum Reserve increased to 351.6 million bpd as U.S. started to buy oil for reserves after the strong pullback.

Oil prices bubble ahead of OPEC meeting

08:35am, Wednesday, 29'th Nov 2023
Oil prices are moving higher ahead of the Organization of the Petroleum Exporting Countries (OPEC) meeting scheduled for Thursday, after the alliance delayed the event last week.
Oil futures rose Wednesday morning, lifted by a storm disrupting crude shipments on the Black Sea and industry data pointing to a fall in U.S. crude inventories as traders await a meeting of OPEC+ pro
UK Oil's steadfast performance above key pivot points reinforces a bullish market sentiment, with eyes on resistance challenges.
Oil prices rose on Wednesday as a storm in the Black Sea region disrupted oil exports from Kazakhstan and Russia, raising fears of supply tightness, while investors awaited a crucial decision by OPEC+

U.S. oil futures post first gain in 5 sessions

02:52pm, Tuesday, 28'th Nov 2023
U.S. oil futures climbed on Tuesday, logging their first gain in five sessions as traders continued to weigh potential outcome scenarios for Thursday's meeting of the Organization of the Petroleum Exp
(Kitco News) - Steel will be the strongest trade in the first quarter of 2024, and base metals will rally during the second half of the year, but summer will be gold's time to shine, according to meta
U.S. oil production is on the path to reach record highs in 2023, according to the Energy Information Administration (EIA), while active domestic oil rigs decline this year. Yahoo Finance Live comment
Oil traders also focus on U.S. dollar's pullback, which is bullish for commodity markets.
The head of the International Monetary Fund has called for an end to "business as usual" ahead of the start of the COP28 climate talks and warned such a route was "not viable" if the world wanted to m
Crude oil markets have done very little during the trading session on Tuesday, as we continue to wait for OPEC to make a decision on its next supply choice.
US and UK Oil prices are affected by OPEC+ decisions, technical patterns, and global economic conditions.
Oil futures rose Tuesday, on track to snap a four-day losing streak, as traders await a meeting this week of the Organization of the Petroleum Exporting Countries and its allies, including Russia.
Oil markets are weighing the possibility of deeper output cuts from OPEC+ as the producer group meets later this week with Saudi Arabia asking allies to curb oil output quotas. James Herron reports on
As crude oil prices hover near four-month lows, is it time for OPEC+ to deepen production cuts? Octa financial analysts share their opinion.
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