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Crude Oil Prices at Risk with FOMC, OPEC+ Meetings in the Spotlight

CRUDE OIL OUTLOOK: Crude oil prices may decline if the Fed dials up hawkish rhetoric. OPEC+ unlikely to yield to US-led calls for faster output increase. Chart positioning hints WTI momentum flagging at 7-year high.   Crude oil prices are trading water having settled in a range after hitting a 7-year high below the $86/bbl figure last week. An intraday bounce was capped yesterday as October’s US ISM manufacturing report showed sector growth slowing even as inpu

MongiIG

MongiIG in Market News

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