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Oil Prices Bounce Higher, on Track for Solid Quarterly Gains
Oil futures rose Thursday, on track for solid quarterly gains as traders showed relief after official U.S. crude-inventory figures released the previous session showed a smaller rise in inventories than industry data had led them to fear.
Biden re-election crisis? Komo warns: Russia's production cuts will push oil prices to a high of $100
① J.P. Morgan's strategists warned that Russia's crude oil production reduction strategy at the beginning of the month may push Brent crude oil to $100 per barrel; ② Higher oil prices will inevitably push up gasoline prices. Some analysts point out that this will put pressure on the Biden administration before the election.
Carbon sequestration becomes a fierce racetrack! Oil giants grab pits: “burying” large amounts of carbon dioxide in Southeast Asia
① Just like more than a century ago, the world's largest oil companies are now once again looking far from home to try to get a head start on a new “racetrack”; ② However, unlike a century ago when they tried to extract rich oil and gas resources from under the surface, this time, they are burying industrial emissions that warm the planet.
J.P. Morgan warns that Putin may push oil prices to $100 in September
J.P. Morgan notes that the shift in Russia's oil strategy is surprising.
Oil Heads for Quarterly Advance as OPEC+ Holds the Line on Cuts
Oil climbed to head for a solid quarterly gain on expectations OPEC+ supply cuts would tighten the global market.
Crude oil may rise to nearly $100 per barrel, but under multi-mechanism adjustments, Komo chose to keep its oil price forecast unchanged
J.P. Morgan chose to keep its oil price forecast unchanged.
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