Piper Sandler Maintains Chevron(CVX.US) With Buy Rating, Cuts Target Price to $184
International oil prices fluctuated slightly, traders are waiting for more dynamics to assess the bullish and bearish momentum.
Oil prices stabilized on Monday, following concerns about supply that were escalated by tensions between Russia and Iran.
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jpmorgan: Even if OPEC+ extends production cuts, the oil market will still face a significant supply surplus.
Analysts from jpmorgan, led by Natasha Kaneva, stated in a report that even if OPEC+ extends production cuts, the global oil market will still see a "huge" surplus of 1.3 million barrels per day next year.
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