Tag: opec

Oil prices experienced a decline on Monday, with Brent approaching the $80 per barrel mark, as investors eagerly anticipated the upcoming OPEC+ meeting later in the week to reach an agreement on supply cuts extending into 2024. Brent crude futures...

On Thursday, U.S. crude prices experienced a 5% decline due to an increase in inventories and a simultaneous drop in industrial production. The West Texas Intermediate December contract saw a decrease of $3.76, or 4.9%, settling at $72.90 per barrel....

Oil prices experienced a decline on Thursday, reversing the gains made in the previous session. This drop was attributed to several factors, including OPEC’s lack of support for Iran’s call for an oil embargo on Israel and the United States’...