crude oil

After a 3% decline last week, oil prices are stable; all eyes are on the US Fed’s upcoming action and the Russia-Ukraine deal.

Following a roughly 3% decline last week, oil prices took a break on Monday as investors assessed the likelihood of a US rate decrease against the possibility of a Russia-Ukraine agreement that may ease sanctions and allow additional Russian supply. Ahead of a deadline set by US President Donald Trump on Thursday, the United States…

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crude opec

Oil prices have been falling, driven by rising US inventories and a change in OPEC’s forecast!!!

US crude inventories rose by 1.3 million barrels in the week ended November 7, according to market sources on Wednesday, citing data from the American Petroleum Institute. Gasoline and distillate inventories fell, citing API data. Prices fell more than $2 a barrel on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) said global…

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