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WTI crude oil futures settle at $91.48
WTI crude all future settle at $91.48. That's up $0.71 or 0.78% on the day.Prices initially rose due to a softer Dollar and stock recovery.Bullish themes include Saudi/Russia production cuts and a recovering Chinese economy.Saudi Aramco CEO commented at the World Petroleum Congress saying.Forecasts of peak oil demand are "wilting under scrutiny".He predicts world oil demand to rise to 103-104mln BPD in H2.Meanwhile:Chevron (CVX) CEO expects oil prices to reach USD 100/bbl.He also sees a steady i...
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Posted: Sep 18 2023, 18:41
Author Name: forexlive
Views: 112567