Oil Prices Ease After OPEC+ Agrees To Taper Oil Supply Curbs.

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Oil prices ease after OPEC+ agrees to taper oil supply curbs

Oil prices eased on Thursday after OPEC and allies such as Russia agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a big drawdown from the country’s crude stocks.

Brent crude (LCOc1) fell 33 cents, or 0.8%, to $43.46 a barrel by 0646 GMT, and U.S. West Texas Intermediate (WTI) crude (CLc1) dropped 42 cents, or 1.0%, to $40.78 a barrel. Prices rose 2% the previous day, helped by the U.S. crude inventories drop.

 

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Oil prices ease after OPEC+ agrees to taper oil supply curbs,,,, MARKET UPDATE By PERFECT COMMODITY

Oil prices ease after OPEC+ agrees to taper oil supply curbs

Oil prices eased on Thursday after OPEC and allies such as Russia agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a big draw down from the country’s crude stocks.

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Oil prices eased on Thursday after OPEC and allies such as Russia agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a big drawdown from the country’s crude stocks.

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Gold was marginally down on Wednesday in Asia,
reversing its earlier losses. But the yellow
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fears on top of worsening U.S. China relations.

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OPEC+ meets to decide on oil cuts easing,,,, LATEST UPDATE by PERFECT COMMODITY

OPEC+ meets to decide on oil cuts easing

OPEC and allies such as Russia meet on Wednesday to decide oil output policy from August amid broad market expectations the group will ease supply curbs as the global economy slowly recovers from the coronavirus pandemic.

ओपेक और सहयोगी जैसे रूस बुधवार को व्यापक बाजार की उम्मीदों के बीच तेल उत्पादन नीति तय करने के लिए बुधवार को मिलते हैं, जिससे समूह को आपूर्ति में आसानी होगी क्योंकि वैश्विक अर्थव्यवस्था धीरे-धीरे कोरोनोवायरस महामारी से उबरती है।