Oil Futures Lower as Market Ponders OPEC Cuts [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
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Source: Yahoo! Finance
The Wall Street Journal 0115 GMT – Oil futures edge lower in the morning Asian session on scepticism over the production-cut pledge by OPEC+, analysts say. There's market scepticism over OPEC+ delivering on its pledge to sideline around 2.2% of global oil supply, says CBA analyst Vivek Dhar in a research note. This scepticism stems from factors including the OPEC+ voluntary production cuts only lasting through 1Q 2024, Dhar says. Bloomberg (Bloomberg) -- Trading oil has perhaps never been more of a roller coaster ride than it is today.Most Read from BloombergTesla's Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025Banking Escapees Make Billions From Private Credit BoomThese Are the World's Most Expensive Cities to Live In Right NowIsrael Says Hamas Violated Terms of Cease-Fire as Truce LapsesSaudi Arabia Offers Iran Investment to Blunt Gaza WarJust in the past two months, prices threatened to reach $100 per barrel, on The Wall Street Journal Climate change coul
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