Commodities Analysis by Investing.com (Damian Nowiszewski) covering: Brent Oil Futures, Crude Oil WTI Futures. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
The OPEC+ decided to extend its voluntary oil production cuts by 2.2 million barrels per day until the end of 2025. This positive news, however, failed to halt the decline inand WTI crude oil quotations continue to slide due to concerns about the potential abandonment of the cuts by some OPEC+ members down the line.
Beyond the OPEC+ decision, global economic factors also play a role. Record production from Canada, Brazil, and especially the US is expected to significantly increase global oil output next year, according to OPEC+ forecasts. This could unblock the Red Sea oil shipping route, which has been largely abandoned due to Houthi attacks on merchant ships. However, any potential disruption from this source remains a concern.The downward movement has pushed WTI crude oil prices near a crucial support zone around $72 per barrel. While a local rebound is possible, the combination of factors favoring the supply side suggests the downward trend is likely to continue.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Nvidia: Another Strong Report Could Propel AI Titan Above the $1,000 BarrierStocks Analysis by Investing.com (Damian Nowiszewski) covering: NVIDIA Corporation. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Baca lebih lajut »
EUR/USD in Hold Mode Ahead of Fed, ECB: Longer-Term Correction Could DeepenForex Analysis by Investing.com (Damian Nowiszewski) covering: EUR/USD. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Baca lebih lajut »
Bitcoin Bulls Back in Charge After Yesterday's CPI Report: New ATH Next?Market Analysis by Investing.com (Damian Nowiszewski) covering: BTC/USD, Bitcoin, ETH/USD. Read Investing.com (Damian Nowiszewski)'s Market Analysis on Investing.com
Baca lebih lajut »
S&P 500, NASDAQ and DAX Aiming Even Higher Levels of Froth: How to Trade ThemStocks Analysis by Investing.com (Damian Nowiszewski) covering: S&P 500, DAX, NASDAQ Composite. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Baca lebih lajut »
Swiss Franc: 3 Technical Setups for Those Looking to Profit From a Dovish SNBForex Analysis by Investing.com (Damian Nowiszewski) covering: USD/CHF, EUR/CHF, AUD/CHF, NZD/CHF. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Baca lebih lajut »
GBP/USD Targets 1.28 Ahead of Key UK Inflation Data - Here's How to Trade ItForex Analysis by Investing.com (Damian Nowiszewski) covering: GBP/USD. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Baca lebih lajut »