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
🛢️Brent crude retreats from $90
Economic Calendar: Inflationary Pressure in Germany and Canada Alongside Poland's Economic Data Pack
Morning Wrap: Oil Climbs Back Above $90 as Chinese AI Weighs on Tech Stocks.
Daily Summary: A sell-off with a spin-off