WTI spike to $90 after the headline.
Tag Archives: WTI
Opec January Oil Output Rise Led By Saudi Arabia; Output Falls In Libya And Iraq –Reuters Survey Opec States’ Compliance With Opec+ Output Cut Pledges Rises To 132% In January From 127% In December -Reuters Survey
Oil vs Inverse of OECD (End-of-period Commercial Crude Oil and Other Liquids) Inventories. Oil price looks lagging and will try to catch up. Both is almost on perfect positive correlation since 2014. Attachments oil vs ivers inventories (37 kB)
The proposed 400,000 BPD increase will be implemented in February. – Three OPEC+ Sources. WTI heading south and teasing around $75 as the reaction to the news. Attachments wit opec (102 kB)wti opec (91 kB)
WTI crude futures steadied around $76 a barrel. Traders now await the next OPEC+ meeting on January 4th, as the group is set to decide whether to go ahead with a planned 400,000 barrels per day production increase in February. On the other hand, investors grew confident there will be no need to impose more restrictions on movements amid more …