Uploaded November 2023 | Updated September 2026, 2 weeks ago

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🚨 NEWS JUST IN:
🔸Crude oil continues to consolidate
🔸OPEC+ announcement on Thursday
🔸Stock indices lose ground

Crude oil is currently consolidating before an important OPEC plus meeting scheduled for Thursday.
US and European stock indices are experiencing a pullback.
In September, the front month WTI contract traded at $94, but it sharply fell to below $73 by mid-November, marking a 22% correction.
After the November dip, there has been a rally, and the market is now in a consolidation phase for the past week.
The OPEC plus ministerial meeting, initially set for Sunday, got postponed to Thursday due to disagreements on production cuts.
Market participants are awaiting the meeting's outcome to determine if there will be additional output cuts and how it might impact oil prices and market dynamics.

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