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The Commodities Feed: OPEC+ meeting
The oil market remains well supported on the back of solid fundamentals. However, the OPEC+ JMMC will meet this week and the group will review current market conditions. Energy - OPEC+ JMMC meeting: The oil market remains well supported with the ICE Brent November contract expiring on Friday at US$95.31/bbl, which saw the oil market finishing the third quarter up a little more than 27% - its strongest performance since the first quarter of 2022. Fundamentally, there is still further upside with the market set to continue to tighten. Technically, following the expiry of the November contract on Friday, there is a gap ... (full story)
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- Posted: Oct 2, 2023 12:24am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 123
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