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Do OPEC+ countries dare to gradually increase production? – Commerzbank
There is no end to the ups and downs on the oil market: after the price of a barrel of Brent crude climbed well above the $80 mark at the beginning of the week in the wake of geopolitical tensions and the threat of production losses in Libya, it initially fell sharply again.Fxstreet
Aug 30, 2024
Crude Oil regains holds above $75 as supply woes persist
Crude Oil prices are afloat around $75.50 on Friday after a sprint higher on Thursday. Markets are dialing in on the Libyan political turmoil, which could result in an unforeseen shortfall of roughly 1 million barrels per day in the near term. Meanwhile,Fxstreet
Aug 30, 2024
Oil trades sideways amid fresh Red Sea attacks, Ukraine targeting Russian facilities
Oil prices are starting the European session trading broadly flat, halting a two-day decline after traders were quick to take profit on the back of earlier news that Libyan Oil fields were set to shut down over local political issues.Fxstreet
Aug 29, 2024
