US Total Crude Oil Stocks Decline in Week Ended Dec. 6

MT NewswiresDec 11 23:40

OPEC has cut its oil demand forecast for the fifth consecutive month, with the largest reduction to date.

OPEC has lowered its forecast for Consumer growth in 2024 by 0.21 million barrels per day to 1.6 million barrels per day. Since July, OPEC has reduced its forecast by 27%. Analysts believe that OPEC's forecast still exceeds the general market expectations and there is a gap with this year's actual Consumer data.

wallstreetcnDec 11 21:52

OPEC Further Trims Oil-Demand Forecast After Output-Hike Delay

WSJDec 11 20:45

Noon Crude Oil Analysis: Brent Crude Oil rises in the Asia early session, can the EIA inventory data provide additional momentum?

The EIA indicates that the Crude Oil Product price for 2025 will be lower than previously predicted, with the benchmark price for USA light sweet low sulfur crude oil expected......

Golden10 DataDec 11 13:09

Oil Prices Edge Higher With Focus on US Inventories, China Stimulus

InvestingDec 11 10:12

Midday crude oil analysis: How is the price trend of Brent crude oil under the condition of oversupply?

Despite the ongoing geopolitical tensions, analysts have further lowered their price forecasts for 2025 due to the expectation of a supply surplus next year.

Golden10 DataDec 10 13:12