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Investing.com UK /
npub1em7…cllf
2024-06-10 23:16:52
in reply to nevent1q…427w

Investing.com UK on Nostr: nostr:note1jch7d428a8390wvlgh4nvfrqt4556lrwtrgfwrpwudpls0tf7khqc49m0s

US Oil and Gas Production Shows Signs of Flattening Amidst Retreat in Prices
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#909cfb47 ver:0.72

US oil and gas production is flattening as prices retreat, with concerns around demand growth. OPEC's plan to increase production may cause friction with Iran, while China restricts nitrocellulose sales to harm the US and NATO. US inventories rise, with crude stocks up over 4 million barrels. US rig count remains unchanged, while Canadian rig count increases. Energy stocks expected to correct, with WTI prices predicted to breach $72/b. US production shows no net growth since October 2023. Dry gas production trending lower. Macquarie Bank predicts rise in US crude inventories. #oilandgas #OPEC #energyprices...

#newstr #UsOilAndGasProduction #CrudeOilInventories #GasolineDraw #MacquarieBank

https://here.news/story/909cfb47?ver=0.72
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