Natural Gas, WTI OIl, Brent Oil Forecasts – Oil Tests Key Support Amid Demand Worries
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Oil markets are under pressure as recent OPEC+ decisions failed to support prices. WTI and Brent oil are testing key support levels amid demand concerns.
December 06, 2024 | 7:30 pm
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Brent oil is also testing key support levels amid similar demand concerns and lack of support from OPEC+.
Brent oil, like WTI, is under pressure due to demand concerns and the lack of support from OPEC+ decisions, indicating a potential short-term negative impact on prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
WTI oil is testing key support levels due to demand concerns and lack of support from recent OPEC+ decisions.
The article highlights that WTI oil is facing pressure due to demand concerns and the recent OPEC+ decision not providing support. This suggests a potential short-term negative impact on WTI oil prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80