Oil Ticks Higher as Traders Await Fed Decision, Inventory Data
The arrival of Trump in office is both good news and bad news for OPEC.
Insiders say that OPEC+ is cautiously monitoring the resurgence of oil production in the USA under Trump's leadership.
The USA increases oil production to "snatch the market"; sources say OPEC+ will remain vigilant.
OPEC representatives stated that when Trump took office in the White House, OPEC+ remained cautious about the increase in USA oil production.
Ignoring OPEC+'s decision to postpone production cuts, Kazakhstan still plans to increase its oil production by 2025.
Kazakhstan insists on increasing its oil production next year, which may further exacerbate tensions with its OPEC+ partners.
Afternoon Crude Oil Product analysis: Brent Crude Oil Product prices are stable. How do the prospects for Iranian exports affect market sentiment?
During the early trading session in Asia, the futures price of Brent Crude Oil Product on the Intercontinental Exchange (ICE) remained largely stable, with the market focusing on Iran's crude oil export situation.
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Mizuho lowers the Target Price for Occidental Petroleum to 70 dollars.
Gelonghui, December 17 | Mizuho: Downgrades the Target Price of Occidental Petroleum from $72 to $70, maintaining a "Neutral" rating. (Gelonghui)
Midday Crude Oil Analysis: With the Federal Reserve meeting approaching, will Brent Crude Oil prices see a turning point?
During the early trading session in Asia, the Intercontinental Exchange (ICE) Brent Crude Oil Product futures prices remained relatively stable, as the market waits for the results of the USA Federal Reserve System meeting.
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Does Occidental Petroleum (NYSE:OXY) Have A Healthy Balance Sheet?
Morgan Stanley Maintains Occidental Petroleum(OXY.US) With Buy Rating, Cuts Target Price to $63
Mizuho Securities Maintains Occidental Petroleum(OXY.US) With Hold Rating, Announces Target Price $70
Occidental Petroleum Analyst Ratings
Mizuho Adjusts Price Target on Occidental Petroleum to $70 From $72, Keeps Neutral Rating
Midday Crude Oil Analysis: The tensions in the Mediterranean are escalating; will oil prices rise or fall in the future?
During the early trading session in Asia, the price of Brent Crude Oil Futures fell as the market is assessing new developments in the Mediterranean region.