Production Cuts - Russias energy ministry is discussing potential oil production cuts with local producers and will continue talks to come up with a position by the opec/non-opec meeting in early December, Energy Minister Alexander Novak said. Volume 160,427, low 3,956.00, market Lot 100, forex dolar al sat bid Price 4,075.00, offer Price 4,076.00, bid Quantity 10, offer Quantity 3, open Interest 14,824, change in OI 8,985 (153.88). While the selloff in oil has been crazy, we will still see oil rebound big in the next 2 months. While oil is probably close to the bottom, short-term supply data is weighing on price.
Crude Oil Prices Charts. Latest News on Oil, Energy and Petroleum Prices. Articles, Analysis and Market Intelligence on the Oil, Gas, Petroleum and Energy Industry. Accurate Oil Price Forecasts. Get the latest price on Crude Oil WTI (nymex) as well as the latest prices for other major commodities at Nasdaq.
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Metals and minerals prices are expected to rise.1 percent next year,.5 percentage point upward revision due to increasing supply tightness. Read the full analysis in the latest Commodity Markets Outlook report. Gold is projected to decline slightly next year to 1,219 per ounce as interest rates are likely to rise and safe haven buying ebbs. Growth in this group of economies is expected to be near zero for the year. Energy prices, which include oil, natural gas and coal, are projected to jump almost 25 percent overall next year, a larger increase than anticipated in July.
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