Russia's Novak says he favors taking OPEC+ extension decision closer to April
In addition the Interfax news agency cited kazakhstan's energy ministry said that Kazakhstan's Kashagan oilfield will resume oil production of 400,000 barrels per day by mid-December.
Oil price sinks nearly 3%. The nearest support to watch is $55.5 handle, where lies the lower limit of Overbalance structure (green rectangle).
Oil WTI H4 interval. Source: xStation5
Daily summary: Gold surges 2%, Nasdaq drags down sentiments on Wall Street
EIA Natural gas inventories change higher than expected
Oil extends losses as easing Middle East tensions push prices toward $70
Wheat gains as USDA points to the smallest harvested area since 1877 🔼