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U.S. Drilling Rig Count Flat for Third Straight Week, Baker Hughes Says
Commodity Roundup: Oil Set for Weekly Gain; China Stimulus Plans in Focus
BMI Predicts Decline In Oil Prices, Citing OPEC+ And US Election
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.
Oil Prices Rise As Investors Weigh US Election Impact And Supply Disruptions
Crude Oil Prices Bounce as Market Weighs Potential Trump Policy Impacts
EZ_money : thanks
Stock_Drift OP EZ_money : YW.
EZ_money : JET.AI looks like it bottomed out
Lostboy98 : Is it upstairs or downstairs?
Stock_Drift OP EZ_money : Agreed. Just sits there.
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