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Crude oil analysis: What now for Brent prices?
Crude oil analysis: It is all about Middle East conflict now, when it comes to oil prices. The extent of Israel's potential response to Iran will influence how much further geopolitical risk markets are likely to factor in. Crude oil could rise another $5 in the next few days if we see further escalation in the conflict. While markets await response from Jerusalem, prices are likely to maintain much of Tuesday’s gains. That said, for as long as there are no actual disruptions in supply, ongoing demand concerns and expectations the OPEC will slowly return withheld supplies back into the market should keep the upside ... (full story)
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From bnnbloomberg.ca|Oct 2, 2024OPEC+ made no changes to plans to start gradually reviving oil production towards the end of the year, despite signs of an impending surplus. A statement from 23-nation the group ...
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From @OPECSecretariat|Oct 2, 2024post: With reference to the Wall Street Journal (WSJ) article, dated 2 October 2024, titled "Saudi Oil Min Said Prices May Fall to $50/B if Others Cheat, Sources Say," the OPEC Secretariat categorically refutes the claims made within the story as wholly inaccurate and misleading. The…
From ubs.com|Oct 2, 2024The attack came hours after Israeli troops entered Lebanon earlier on Tuesday, in a land offensive against Hezbollah after days of air attacks. The Israel Defense Force described ...
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- Posted: Oct 2, 2024 12:18pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 97
