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Oil Prices Bounce Higher, on Track for Solid Quarterly Gains
Oil futures rose Thursday, on track for solid quarterly gains as traders showed relief after official U.S. crude-inventory figures released the previous session showed a smaller rise in inventories than industry data had led them to fear.
Oil Heads for Quarterly Advance as OPEC+ Holds the Line on Cuts
Oil climbed to head for a solid quarterly gain on expectations OPEC+ supply cuts would tighten the global market.
Crude oil may rise to nearly $100 per barrel, but under multi-mechanism adjustments, Komo chose to keep its oil price forecast unchanged
J.P. Morgan chose to keep its oil price forecast unchanged.
Oil Prices Pressured by Data Showing Large Rise in Crude Inventories
Oil futures were lower early Wednesday after industry data showed a large increase in U.S. crude inventories ahead of official figures due later in the day.
API says US inventories have increased sharply and crude oil prices have fallen further
Crude oil continued to fall slightly after an industry report indicated a sharp increase in US crude oil inventories.
Macquarie: US oil production will rise to record levels this year
Macquarie Group analysts said in a report that US oil production will reach a record 14 million b/d by the end of this year due to lower costs and improved drilling efficiency.
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Col LambertOP : Excellent performance. Strong buy continue.
Col LambertOP : Stupid decision to stop special dividends. The loss of share price & value is way bigger than the so-called saved up investment pool.