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Oil edges higher on imminent OPEC+ decision and geopolitical turmoil https://www.byteseu.com/528508/ #BrentCrudeFutures #DeclarationOfMartialLaw #Geopolitics #MarketSentiment #OilPrices #OPEC+ #SouthKorea
Oil edges higher on imminent OPEC+ decision and geopolitical turmoil

Oil edges higher on imminent OPEC+ decision and geopolitical turmoil

By Arunima Kumar (Reuters) -Oil prices firmed slightly on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts this week while heightened geopolitical tensions continue to dominate market sentiment.
BYTESEU (Bytes Europe)
#opec #geopolitics #southkorea #oilprices #brentcrudefutures #declarationofmartiallaw #marketsentiment

Oil prices surged as OPEC+ postponed its Dec production hike, pushing Brent to $75.04 & WTI to $71.48. Weak demand from China, the world's largest oil importer, weighs on the market, with China’s Congress expected to announce up to $1.4T in stimulus. A weaker USD ahead of the U.S. elections and escalating Iran-Israel tensions add volatility, with risks to oil infrastructure in focus.

#OPEC #OilPrices #China #USD #USElections #MiddleEast #Iran #Israel #Commodities #Energy #Brent #WTI
#energy #opec #israel #china #Iran #middleeast #brent #wti #uselections #oilprices #usd #commodities

Oil surged 1.8% on reports of Iran preparing to strike Israel from Iraq, adding to regional tensions. Brent at $74.11/bbl and WTI at $70.61. OPEC+ may delay December’s production hike due to soft demand, with a decision expected next week. The U.S. election and China’s economic measures could also impact oil prices, as China’s manufacturing activity showed growth in October due to stimulus efforts.

#Oil #Brent #WTI #Iran #Israel #OPEC #China #USElection
#opec #oil #israel #china #uselection #Iran #brent #wti

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