Crude prices held firm this week with bullish news of OPEC extending its output cuts helping to offset demand concerns.
April West Texas Intermediate WTI crude oil futures have seen varied movements in the past week, influenced by a range of global factors. The interplay of U.S. crude inventories,
Production Strategy 's strategy to control the oil supply in a market with unpredictable demand. The cumulative cuts since 2022 by cuts and Middle East tensions, particularly concerning Red Sea shipping routes. On the other hand, bearish aspects encompass China's reduced import enthusiasm and possible increased supply from non-
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Oil Prices May Yet End the Week on a High NoteWhile oil prices had been trending lower this week on demand concerns, signals from the Fed that it may soon cut interest rates have helped push both Brent and WTI higher.
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