empty
 
 

28.10.202501:03:38UTC+00Oil Ticks Down on OPEC+ Plan to Raise Output

WTI crude oil futures declined to $61.1 per barrel on Tuesday, marking the third consecutive session of losses. This downturn is driven by growing trader concerns about a potential supply surplus following hints from OPEC+ regarding another potential production increase. The organization appears poised to approve a modest production boost for December when it convenes on Sunday, as Saudi Arabia aims to reclaim its market share. Contributing further to the pessimistic outlook, there is speculation that US sanctions on Russian oil giants Rosneft and Lukoil may be less stringent than anticipated. Insiders suggest that Washington's approach is to make Russia's oil trading more costly and risky without causing a significant surge in prices. These developments have overshadowed the optimism surrounding US-China trade talks, especially after senior representatives from both countries agreed on the framework of an agreement. This is set to be discussed in more detail by President Trump and President Xi during their much-anticipated meeting in South Korea on Thursday.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback