Crude oil prices are influenced heavily by OPEC+ production policies, which have extended voluntary cuts amid declining global demand due to geopolitical and economic uncertainties.
In an unexpected move, OPEC+ decided to extend voluntary production cuts for an additional month, reflecting its response to current market changes and a sensitive oil demand climate.
The upcoming U.S. presidential election is pivotal for oil market trends, as the economic policies of the new administration will directly impact global oil demand and investor sentiment.
Upcoming data on China’s imports will be critically observed, as any decline in Chinese demand could significantly impact prices and challenge their upward momentum.
Collection
[
|
...
]