From Investing.com: 2024-11-05 05:15:00

The crude oil market is at a critical juncture, influenced by OPEC+ decisions and global events. Recent relief in prices due to easing tensions and weather impacts may be short-lived. OPEC+ has delayed production increases, pushing prices up. Increased production from countries like Iran adds complexity. U.S. elections and China’s economic policies also play key roles in shaping oil’s future. Technical levels in Brent and WTI are closely monitored for potential price movements. The market remains unpredictable amidst these factors.



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