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OPEC's in trouble – TDS
MidEast risk appears substantially underpriced. Traders have concluded that this chapter in the Middle Eastern conflict has concluded, resulting in a sharp erosion of the supply risk premia baked into energy markets, TDS’ Senior Commodity Strategist Daniel Ghali notes.
Fxstreet
Nov 11, 2024
China's crude oil imports fell again in October – Commerzbank
China imported less crude oil in October as well. According to customs data, crude oil imports fell by 9% year-on-year to 44.7 million tons, or 10.5 million barrels per day, Commerzbank’s commodity analyst Carsten Fritsch notes.Fxstreet
Nov 8, 2024
Crude Oil remains stuck in tight range for four consecutive day
Crude Oil dips slightly on Friday but remains within the tight range it has been trading in the past four days. The market euphoria following President-elect Donald Trump’s victory appears to be fading as energy markets shift their focus to China, where theFxstreet
Nov 8, 2024
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