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Tag Archives: US inventories

Oil Market Stagnation: OPEC+ Delay and Demand Concerns

Mohamed Abdelhamid Commodities, Daily Economic Reports, Economic Report, Market Update

The global oil market remains in a state of flux, with prices hovering near 14-month lows. A combination of factors, including unexpected inventory draws, OPEC+ decisions, and persistent demand concerns, have contributed to this volatile landscape.Inventory Dynamics and OPEC+ InterventionA significant factor influencing oil prices has been the recent dynamics …

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