November 29, 2022 | Daily JAM, Morning Briefing |
Today, November 29, U.S. crude benchmark West Texas Intermediate traded at $78.45 a barrel. International benchmark Brent crude was at $83.26 a barrel. A month ago on October 28, West Texas Intermediate closed at $88.11 a barrel and Brent at $95.94. That price plunge is the background for Sunday’s regular meeting of OPEC+ oil ministers. Market speculation points to a strong chance of another cut in production following on the cut announced at the group’s October meeting. At the least, oil analysts say, OPEC+ will extend the October production cuts through the end of 2023.
October 18, 2020 | Daily JAM |
... OPEC's Monday meeting to roil oil markets. Even if the meeting doesn't make any decision on supply. (Likely at the cartel's December 1 meeting of oil ministers. Tomorrow's meeting is of the Joint Ministerial Monitoring Committee, chaired by Saudi Arabian Energy...
June 18, 2018 | Daily JAM, Morning Briefing |
Oil prices moved lower, I mean LOWER, last week. Brent, the international crude benchmark, closed Friday at a six-week low, down 3.3% to $73.44 a barrel for August delivery. Brent finished down 4% for the week. West Texas Intermediate, the U.S. benchmark, closed at...
December 9, 2016 | Daily JAM |
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