4:27 PM · 2 October 2024

OIL.WTI drops and defends $70 level as OPEC+ agreed to ease production cuts in December

OIL.WTI loses as OPEC+ agreed to ease production cuts in December, according to WSJ reports. Also, OPEC informed that the organization works with Russia, Kazakhstan and Iraq to offset past overproduction. Oil is also pressured by higher than expected US EIA inventories, lack of Israel counterattack to Iran. However, some media reports suggest Israeli strikes in Damascus, Syria.

Source: xStation5

15 July 2026, 7:25 AM

Morning Wrap: What’s next with the Strait of Hormuz, inflation and US interest rates? (15.07.2026)

14 July 2026, 6:34 PM

Daily Summary: Lower inflation weakens the dollar and awakens gold and S&P 500 to gains

14 July 2026, 4:03 PM

Bypassing Hormuz: Gulf States Race Against Time

14 July 2026, 11:52 AM

Market Wrap: Europe slips on Ormuz escalation, market awaits US CPI

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