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

12 June 2026, 4:52 PM

Oil slides 2.5% to $88 as Middle East tensions ease 📉 Is the uptrend over?

12 June 2026, 12:05 PM

Market Wrap: Inflation rises and de-escalation. Airlines recover losses.

12 June 2026, 10:06 AM

Brent crude oil deepens losses to -3% due to details of potential agreement

12 June 2026, 8:54 AM

Chart of the Day: Is this a "real" breakthrough in the oil market this time? (12.06.2026)

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