Business
Crude Oil Prices in Jeopardy Ahead of OPEC JMMC Meeting – DailyFX
Crude oil prices are at risk of breaking lower ahead of the OPEC JMMC meeting on October 19 after the IEA revised down its global demand estimates.
Chart created with TradingView
- Crude oil prices are at risk of breaking lower on the back of the IEAs downbeat outlook on global demand.
- However, shrinking American crude stockpiles may limit the potential downside for oil prices in the near-term.
Recommended by Daniel Moss
Get Your Free Oil Forecast
The outlook for crude oil prices remains fragile, according to the International Energy Agency, given that the trajectory for Covid-19 infections is strongly upwards…
Continue Reading
-
General24 hours agoSmall team of rowers from Perth represents Australia on world skiffie stage
-
Noosa News22 hours agoElderly hatchback driver killed in collision on Brisbane road
-
General18 hours agoAustralian cyclist Michael Matthews to miss Tour de France due to pulmonary embolism
-
Noosa News18 hours agoSupernova? High-speed stunt for mystery movie in CBD