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Oil, OPEC
Oil prices fall on supply glut fears despite OPEC+ output cut extension
Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026.
Oil Holds Tight Range After OPEC+ Extended Output Cuts
Oil prices continued to trade in a tight range despite OPEC+'s decision to push back a series of supply increases amid growing concerns over weaker demand and a looming supply surplus. Crude benchmarks Brent and WTI were both down 0.
Crude oil prices remain steady after OPEC+ delays plans to restore output again
October, with bullishness from geopolitical developments in the Middle East and Ukraine countered by expectations for a glut in 2025 due to higher output from the Americas and lackluster Chinese demand.
21h
Oil News: Supply Concerns Persist Despite OPEC+ Production Cuts
WTI and Brent futures decline on weak demand and rising supply. OPEC+ cut extensions to 2026 fail to offset fears of a ...
4d
Oil Update - November 2024
OPEC+ has delayed its meeting from December 1 to December 5. Most analysts believe that oil production cutbacks will be ...
4d
WTI outlook: Look for direction signal on breach of $68 or $70 triggers
Technical studies are mixed on daily chart as 14-momentum is neutral, MA’s in bearish configuration and stochastic is oversold. Look for direction signals on break of either $68.00 or $70 triggers.
ig.com
3d
Gold price and WTI crude price higher, but natural gas price falls again
​ WTI crude oil prices recovered sharply yesterday, with WTI rallying off $68. In the short-term, the price now targets the ...
10d
Natural Gas and Oil Forecast: Russia-Ukraine Tensions Keep Prices Elevated
Natural Gas (NG) is trading at $3.41, down 0.47% on the day, with the price hovering around a crucial pivot level. This level ...
Institutional Investor
2d
What Do Diesel and Gasoline Tell us About Oil Prices?
However, it should be considered that the naphtha yield in a barrel of crude oil is a relatively small portion of the overall ...
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Related topics
OPEC
Petroleum
supply glut
Crude
West Texas Intermediate
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