Tag: OPEC summit

Financial Market Forecast for November 24-28

The recent decision of People Bank of China to cut its deposit rate by 25 bp and one year lending rate by 40 bp is the first step Beijing made towards dealing with the country’s economic slowdown. This news has…

Oil Weekly Outlook for December 2-6

oil market tight loose oil price December 2-6

Oil price (WTI and Brent) slipped last week: WTI declined by 2.24%; Brent oil, by 1.22%. As a result, the gap of Brent oil over WTI widened again: The premium ranged between $19.01 and $16.91 – the highest range in…