Tag Archives: raw

FX168 Weekly Crude Oil Survey: Huge Oil Price Hike Could Be a Flash in the Pan as Major Institutions Lower Their Demand Expectations | Greggio_Sina Finance_Sina.com

[ad_1] Original title: FX168 Weekly Crude Oil Survey: Huge oil price hike could be a flash in the pan, major institutions lowered their demand expectations FX168 Financial News (North America) This week, as talks between OPEC and its allies focused on the expected increase in production next year and positive …

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Oil prices rise with inventory stocks across the board

[ad_1] The American Petroleum Institute (API) reported on Tuesday a major drawdown in crude oil inventories of 5.147 million barrels for the week ending November 6. Analysts had predicted an inventory draw of only 913,000 barrels. In the previous week, the API reported an incredibly large drawdown in oil inventories …

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This could become the most expensive crude oil in the world

[ad_1] This year has been turbulent for global energy markets. The COVID-19 pandemic and the March 2020 price plunge sent markets into a tailspin, which saw the North American West Texas Intermediate oil price benchmark plummet into negative territory for the first time in history. Those events, together with the …

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