Commodities Week Ahead: Oil Bulls Wish for More OPEC Magic as Greyer Q4 Dawns
October 2, 2023LCO +0.30% Add to/Remove from Watchlist CL +0.36% Add to/Remove from Watchlist
Oil starts Q4 on a mildly positive note, rising in Asia’s morning session by roughly 1%
Still, continuation of oil’s bull run may be in jeopardy as Saudi Arabia and Russia face domestic demand concerns
Expectations surround the October 4 OPEC+ meeting, where potential production adjustments could sway oil prices
After a near 30% run-up in just three months, bulls are counting on OPEC to sprinkle a little more magic dust on the market.…
This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.
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