Us oil big spike up read the caption

1 בפבר׳ 2024

Oil prices are finding a floor near $75, backed by the OPEC statement being released after the only meeting earlier this Thursday. A panel of OPEC+ members said no policy changes are foreseen for now, while the US has reportedly hit a six-month high in November on production. Add the stockpile buildup number from the Energy Information Administration (EIA) overnight with a surprise build of 1.233 million barrels, and quick breach above $70 looks doubtfull.