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Brent - the oil price is "exposed to further price spikes in 2024"

Brent - the oil price is
Summary comments from ANZ on oil, saying that conditions are in place for even higher prices into year end and 2024.On the supply side:Production cuts, led by Saudi Arabia, stabilised the market in July but are now likely to push the market into a 2mb/d deficit in Q4. On demand growth rising:China’s demand has remained resilient, with domestic oil refiners ramping up processing to a record level last month. This has been aided by strong summer demand for fuels ... as economic activity picks up... Read More
Posted: Sep 17 2023, 22:44
Author Name: forexlive
Views: 091163

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