Oil Markets Are Set Up For A Bull Run ...Middle East

After weeks of losses, oil markets appear to be set up for a rally as multiple bullish catalysts come together. The expected cut to OPEC+ production targets will then be followed by the end of the U.S. SPR release before new sanctions on Russian oil and then fuel come into effect.- As Bloomberg has noted, the main tenet of European gas policy going into the winter season of 2022/2023 - lower consumption - is not yet happening. - The last week of September has seen the first string of below-average temperatures in Europe and German consumers…

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