oil output – Market-Tracker

Crude oil prices decreased as OPEC+ production was expected to increase starting in October

Mahalakshmi@fastura.com4 months ago01 mins

Crude oil prices dropped by -4.87% to 5,919 due to OPEC+ production increases starting in October and concerns over sluggish demand in key markets like China and the US. OPEC+ plans to increase oil output by 180,000 barrels per day in October, but other cuts are expected to remain until 2025. The Arabian Gulf Oil…

As Fed caution prevails over speculation of OPEC+ cut extensions, crude oil eases

Mahalakshmi@fastura.com10 months ago02 mins

In early Asian trading on Wednesday, oil prices fell as rumors of extensions to OPEC+ output restrictions countered the positive impact from the possibility of a postponed U.S. rate-cutting cycle. By 0110 U.S. West Texas Intermediate crude futures (WTI) were down 35 cents, or 0.44%, to $78.52 a barrel, while Brent crude futures slid 38…

Tag: oil output

Crude oil prices decreased as OPEC+ production was expected to increase starting in October

As Fed caution prevails over speculation of OPEC+ cut extensions, crude oil eases

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