July 4, 2023: OPEC+ Extends Oil Production Cuts

Oil stabilizes as the market reacts to production cuts due to weak economic data. Oil prices remained stable on Tuesday as supply difficulties impacted markets due to planned reductions in August by Saudi Arabia and Russia, the largest crude oil suppliers, in the face of economic data suggesting weak oil demand. Brent crude futures rose

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June 8, 2023: Gold, Oil, and Currencies Wrap Up

Oil prices slightly declined amid ongoing demand concerns. Oil prices slightly declined in Thursday’s trading session after rising by around 1% yesterday, as concerns about demand persist and US inventory data is evaluated. A report released yesterday by the Energy Information Administration indicated a rise in gasoline inventories in the United States for the first

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