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U.S. West Texas Intermediate

Oil prices have softened following unexpected increases in US inventories

Crude Oil

Oil prices experienced a decline in the wake of an unexpected rise in U.S. crude and fuel reserves. This development has raised apprehensions regarding demand. Investors are closely monitoring the resurgence of nuclear negotiations between Iran and the U.S. Tensions persist in light of a report concerning possible Israeli strikes on Iranian nuclear facilities. Kazakhstan’s Read More

More global supply could lower oil prices this week

Crude Oil

Oil prices are poised to experience a weekly decline due to the prospect of increased global supply. Oil prices experienced a slight increase on Friday; however, they remained poised for a weekly decline. This situation arises as a potential increase in OPEC+ output and a possible ceasefire in the Russia-Ukraine conflict could enhance supply, while Read More

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