Oil Stabilizes Ahead of OPEC+ Supply Meeting as Volatility Drops
Benchmark Diesel Price up Slightly as OPEC+ Meeting Looms This Week
OPEC Crude Output Rises as Libya's Recovery Offsets Iraqi Curbs
Bank of America's outlook for the bulk market in 2025: Tariffs cast a shadow over the global market, crude oil enters an oversupply cycle, with gold shining alone, soaring straight to $3,000.
Bank of America Merrill Lynch expects that due to a significant increase in production from non-OPEC countries, coupled with the possibility of OPEC+ releasing more supply, the crude oil market may enter a surplus cycle, with the average annual price of Brent crude oil expected to be $65 per barrel. Basic metals are experiencing price fluctuations amid differentiated supply and demand. Driven by macroeconomic uncertainty and risk aversion sentiment, gold remains one of the most attractive precious metals in 2025.
Oil Edges Higher on Weaker Dollar With Focus on OPEC+ Meeting
Oil Prices Flat as Traders Weigh Mixed US Inventories, Israel Ceasefire