Oil enters wild ride and falls back in red after PCE numbers

Oil enters wild ride and falls back in red after PCE numbers

Oil gives up earlier attempts to avoid losses and falls to session’s low.  OPEC+ will convene online to decide on production cuts, with most analysts expecting current cuts to extend into 2025.  The US Dollar Index trades further below 105.00 to the mid 104.50-levels.  Oil prices were trying to claw back though are back to […]

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