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Saudi Minister Warns of $50 Oil If OPEC Members Don't Adhere to Production Cuts: Report
Oil Prices Pop as Reports Say Iran Preparing Missile Attack on Israel
Careful of soaring oil prices? Goldman Sachs warns: the oil market is completely unprepared for escalation in the Middle East conflict.
Goldman Sachs analyst Lindsay Matcham stated that further escalation of the conflict may have a significant impact on the market, especially if the conflict involves the potential closure of the Strait of Hormuz, which could likely lead to a surge in local oil prices; Goldman Sachs analyst Lina Thomas, in another report, highlighted four short-term positive drivers in the crude oil market - mentioning the Middle East trend.
U.S. Drilling Rigs Edge Lower for Sixth Time in Seven Weeks, Baker Hughes Says
Oil and Gas Activity Eased in Q3 as Pessimism Reigns, Dallas Fed Survey Says
Dallas Fed Survey Says 3Q Oil and Gas Activity Eases as Outlooks Worsen -- OPIS