Oil Prices Sink as OPEC+ Weighs October Output Hike

Oil Prices Sink as OPEC+ Weighs October Output Hike

Crude oil markets faced sharp selling pressure this week as traders digested a mix of bearish supply signals from OPEC+, a surprise inventory build in the U.S., and growing expectations for looser monetary policy from the Federal Reserve. WTI front-month futures settled at $63.30 on Thursday, down over 1% for the week and marking their lowest close since August 20. Traders remain laser-focused on the upcoming OPEC+ meeting this Sunday, where eig…

Would Another OPEC+ Production Surge Really Crash Oil Prices?

Saudi Arabia and allies ponder whether to resume a 1.66 million barrel-a-day tranche of halted output.

Oil slips on surprise build in U.S. crude stocks; potential OPEC+ output hike adds to bearish bent

WTI Holds Losses After Big Surprise Crude Build

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Leaning on OPEC+ Increase? - Archer Financial Services

CRUDE OIL October Crude Oil is lower this morning, as expectations seem to be growing... The post Leaning on OPEC+ Increase? appeared first on Archer Financial Services.

WTI: Crude Oil Remains Under Pressure from Higher Production - Action Forex

WTI oil remains in red for the third consecutive day and holding near two-week low on Friday, deflated by signals that OPEC+ will announce further production increase in its meeting over the weekend and unexpected rise in US crude inventories. Lower demand as US summer driving season ends, also contributed to weaker near-term picture. Oil […] The post WTI: Crude Oil Remains Under Pressure from Higher Production appeared first on Action Forex.