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Oil price fall - ANZ does not expect OPEC will intervene with output cuts at June meeting

Oil price fall - ANZ does not expect OPEC will intervene with output cuts at June meeting
Earlier on oil:Private oil survey data shows large headline crude build vs a draw expectedWTI crude oil futures settles at $68.09Barclays cuts its 2023 Brent forecast to US$87/bbl (from $92) & 2024 to US$89 (from $97)Re oil - Warren Buffett bought more Occidental shares ANZ say that oil market's sentiment was hit by the PMI from China yesterday indicating the country's weak economic rebound. Concerns that the post-COVID bounce has petered out. Also overnight data showing US employment vacancies... Read More
Posted: Jun 1 2023, 00:26
Author Name: forexlive
Views: 102164

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