Oil jumps $1.50 as OPEC worries pushed aside ...Middle East

Oil spilled lower today for a brief period before rebounding strongly. WTI is currently up $1.49 to $76.35 after falling as low as $74.86.In focus is this week's planned OPEC+ meeting. Crude stumbled on a report that it could be delayed again but the market began to take a different view when it was reported that the issue continues to be African production baselines. I find that reasoning to be a stretch but not much is coming from the usually-leaky OPEC sources, in part because this is going to be an online meeting.In any case, I tend to think of the price action in the past few days as noise. Ultimately, we will get a decision on OPEC+ (presumably Thursday) and the market can deal with it

Hence then, the article about oil jumps 1 50 as opec worries pushed aside was published today ( Tuesday 28/11/2023 - 11:53 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Oil jumps $1.50 as OPEC worries pushed aside )

Also on site :

• Jason and Travis Kelce’s ‘New Heights’ Launches Retail Hub (Exclusive)
• Saks Global Secures $1.75 Billion of Committed Capital and Announces Return of Industry Veterans to Advance Transformation of Iconic Luxury Portfolio
• Major fire reported in Wolverhampton sending smoke plumes over city - residents speak of hearing 'explosions'