(Bloomberg) -- Oil fell for a third day as a key market gauge highlighted oversupply concerns before an OPEC+ meeting on Sunday.Most Read from...
-- Oil fell for a third day as a key market gauge highlighted oversupply concerns before an OPEC + meeting on Sunday. West Texas Intermediate traded below $78 a barrel, after declining 1.7% on Thursday, while Brent was near $82, with both headed for their second monthly drop. The prompt timespread for Brent weakened into a bearish contango structure for the first time since January, indicating oversupply.
As the EV market cools, the oil industry scorches with $250 billion in high-stakes deals and mass consolidation: ‘The bigger the company is, the more money they make’ Immediately after a New York jury found Donald Trump guilty on all 34 felony counts of falsifying business records on Thursday—making him the first president to be a convicted criminal—Fox News described the verdict as “warfare” while descending into full freakout mode.The conservative cable giant’s hosts and pundits didn’t just stop there, though.
OPEC West Texas Intermediate Bearish Sentiment
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