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Oil forecast: WTI steadies for now, OPEC+ postpones meeting
Oil prices held steady on Thursday, ending three days of losses, after OPEC+ announced that it had delayed its upcoming meeting to the following week. Crude oil fell at the start of the week after Israel and Lebanon agreed to a ceasefire deal. While this removes some of the risk premium from oil, reflected by the 3.5% decline on Monday, Israel is keeping up its offensive in Gaza, which means stability in the Middle East remains elusive. The market is now turning its attention to the OPEC+ meeting, which had originally been planned for December 1st but has now been postponed. The group is expected to push back plans ... (full story)
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- Posted: Nov 28, 2024 12:49pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 108
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