Oil Prices Fall on US Inventory Build and Inflation Concerns on Nostr: US Oil and Gas Production Shows Signs of Flattening Amidst Retreat in Prices ...
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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#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