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Oil prices have plummeted! Did OPEC inadvertently help Biden out?
President Biden may have just received timely election assistance from a place he originally couldn't reach. At the ministerial meeting of OPEC+ on Sunday, the original production reduction policy was slightly relaxed, which may help to curb gasoline prices before the end of the year, thereby helping to ease the dissatisfaction of American voters with rising oil prices.
Express News | NYSE Order Imbalance 607520.0 Shares on Buy Side
A major signal of Russia's production cut? Crude oil exports hit the lowest level since mid-February.
In the past month, Russia's daily crude oil export shipment volume has decreased by approximately 400,000 barrels.
OPEC+ dealt a heavy blow to the bullish market! Pessimism continues to ferment in the oil market.
Despite OPEC+'s claim to adjust production policies according to market conditions, analysts believe that the organization has already been struggling to maintain low production levels, and the fundamentals of the oil market may further deteriorate by 2025.
After the frenzy of csi commodity equity index, Wall Street continues to be bullish on resource stocks.
Wall Street is bullish on mining and energy stocks, believing that the generous shareholder returns and significant discounts relative to the market provide upward potential for these industry stocks.
OPEC+ has no choice! The dream of triple-digit oil prices is getting farther and farther away.
OPEC+ lacks the means to deal with a market that is sufficiently supplied, which is putting it in an endless cycle of production cuts.
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