The minimum price, in turn, is $3,972, while the maximum price is $3,972 $4,013.
The Federal Reserve will meet again next week and decide on interest rates; Currently, investors are confident that the Fed will cut rates in 2024.
On the other hand, oil has lost nearly eight dollars in just six days since November 30, a drop that suggests oil prices will fall below $70 in the coming hours, as analysts had predicted.
The cuts announced by the OPEC+ last Thursday, and above all its “voluntary” nature is currently “the single factor of paramount importance for the global crude oil market, given that global production capacity is several million barrels above demand,” he emphasizes . daily Sevens report.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
