Commodity Roundup: Oil Set for Weekly Gain; China Stimulus Plans in Focus

Seeking Alpha06:00 ET

BMI Predicts Decline In Oil Prices, Citing OPEC+ And US Election

Business Today02:00 ET

OPEC+ has extended the duration of production cuts, the decrease in supply is helping the oil price bottom rebound.

The overall trend of crude oil is showing a volatile upward trend. The average price of WTI this week is $70.78 per barrel, up $1.75 per barrel, or 2.53%, from the previous week. During the week, the main factors boosting oil prices include: OPEC+ extending production cuts, hurricanes leading to a reduction in US oil production, and ongoing uncertainty in the Middle East geopolitical situation. The main factors putting pressure on oil prices include: EIA's increase in crude oil and petroleum product inventories.

CME Group19:17 ET

Oil Prices Rise As Investors Weigh US Election Impact And Supply Disruptions

Business Today18:49 ET

Crude Oil Prices Bounce as Market Weighs Potential Trump Policy Impacts

Seeking Alpha18:45 ET

NYMEX Overview: Oil Sees Small Gains as Dollar Value Eases -- OPIS

Dow Jones12:22 ET