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To: RomanSoldier19

Add this from OilPrice.com:

It is not unusual to see oil prices spike in late September as hurricanes ravage the US Gulf of Mexico, yet, despite the horrendous damage done to Florida and other south-eastern states, Hurricane Ian has failed to become a notable factor for crude. And whilst some pricing upside came from US stock draws, a new batch of Iranian sanctions, and marginal weakening of the US dollar, the next big catalyst for oil prices will be the OPEC+ meeting taking place on October 5th. With production cuts being discussed as a means of maintaining palatable prices, an upward run towards $100 per barrel might be on the cards for ICE Brent.

OPEC+ Seems to Be Serious About Cuts. According to OPEC+ sources, members of the oil group have started talks about potential oil production cuts in November 2022 as Russia has already suggested a 1 million b/d target reduction for the October 5th meeting.


11 posted on 09/30/2022 11:23:01 AM PDT by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: SaxxonWoods

18 posted on 09/30/2022 11:29:16 AM PDT by RomanSoldier19 (Res ad Triarios venit)
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