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    Energy: OPEC+ supply increases - ING
    • Breaking news

    Energy: OPEC+ supply increases - ING

    • Breaking news

    Oil prices came under significant pressure yesterday, with ICE Brent falling more than 3% over the day, ING's commodity experts Ewa Manthey and Warren Patterson note.

  2. Sharp decline in US crude Oil stocks - Commerzbank
    • Breaking news

    Sharp decline in US crude Oil stocks - Commerzbank

    • Breaking news

    US crude Oil inventories fell unexpectedly sharply by 9.3 million barrels last week, according to the US Department of Energy, Commerzbank's commodity analyst Carsten Fritsch notes.

  3. EIA confirms large inventory draw last week - ING
    • Breaking news

    EIA confirms large inventory draw last week - ING

    • Breaking news

    As widely expected, the Fed has resumed cutting interest rates with a 25bp move yesterday. They think three more cuts will be enough to boost growth and prompt a revival in the jobs market, but the market is sceptical.

  4. IEA foresees massive oversupply on the oil market - Commerzbank
    • Breaking news

    IEA foresees massive oversupply on the oil market - Commerzbank

    • Breaking news

    The International Energy Agency expects a massive supply surplus on the global oil market of 3.33 million barrels per day on average in the coming year, based on its forecasts, Commerzbank's commodity analyst Carsten Fritsch notes.

  5. IEA boosts its oil supply estimates - ING
    • Breaking news

    IEA boosts its oil supply estimates - ING

    • Breaking news

    Oil prices extended declines with ICE Brent trading just below $66/bbl this morning, amid softening demand and persistent concerns over a looming global supply surplus.

  6. Brent faces hurdle at 200-Day Moving Average - Société Générale
    • Breaking news

    Brent faces hurdle at 200-Day Moving Average - Société Générale

    • Breaking news

    Brent crude's rebound is losing steam as it struggles to clear its 200-day moving average near $70.50-71.00, keeping downside risks intact with key support at $65, Société Générale's FX analysts note.

  7. No further increase in OPEC+ production quotas expected - Commerzbank
    • Breaking news

    No further increase in OPEC+ production quotas expected - Commerzbank

    • Breaking news

    This coming weekend, the OPEC+ countries with voluntary production cuts will meet virtually, Commerzbank's commodity analyst Carsten Fritsch notes.

  8. Oil prices rise again - Commerzbank
    • Breaking news

    Oil prices rise again - Commerzbank

    • Breaking news

    Oil prices started the month with gains. Brent quickly made up for the 'losses' caused by the contract rollover and broke through the $68 per barrel mark during the course of the day. Due to Labor Day, US markets were closed on Monday, which reduces the significance of yesterday's price movements.


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