U.S. Drilling Rig Count Flat for Third Straight Week, Baker Hughes Says
United Sts 12 Month Oil Fd Lp Unit Ben Int | 10-Q: Quarterly report
Commodity Roundup: Oil Set for Weekly Gain; China Stimulus Plans in Focus
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.
Crude Oil Prices Bounce as Market Weighs Potential Trump Policy Impacts
Commodity Roundup: Oil Prices Down, Gold Steadies as Focus Shifts to Fed Rate Decision
