Crude Oil Prices

OPEC Nears Deal on Oil-Supply Boost After Saudi-Iran Talks

Gold Silver Reports (GSR) – Iranian Oil Minister Bijan Namdar Zanganeh said he had a good meeting with his Saudi counterpart in Vienna on Friday and he wasn’t feeling pessimistic about the possibility for a compromise — a reversal of his position on Thursday night. After a tumultuous few weeks that have whipsawed crude markets, his comments suggested oil consumers from the U.S. to India and China could soon find some relief from high prices.        

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Crude Oil MCX

Crude Oil Slip Before Iran Decision News By Neal Bhai MFA Technical Analyst

Gold Silver Reports (GSR) – Crude Oil Slip Before Iran Decision News By Neal Bhai MFA Technical Analyst — U.S. stocks slumped as utility and telecom shares fell. West Texas crude sank as much as 4.4 percent before paring the loss as a U.S. official said Trump would quit the accord. The greenback strengthened for a third day. Ten-year Treasury yields approached 3 percent after JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon warned a climb to 4 percent may be coming.

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OIL REPORT — 1-U.S. Shale Oil Output to Hit Record High 7.9 Mln Bpd in Dec -EIA

Crude Oil Down as Trump, France’s Macron Talk Iran Deal

Gold Silver Reports (GSR) – Crude Oil Down as Trump, France’s Macron Talk Iran Deal — U.S. President Donald Trump and French President Emmanuel Macron pledged to seek stronger measures to contain Iran. At a joint news conference, Trump did not repeat threats to withdraw from the 2015 nuclear agreement but made clear he has little patience for it.                             

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Crude oil prices fall by $2 on demand concerns, Israel comments

Crude Oil Tops $75 on Supply Cuts, Prospect of Iran Sanctions

Gold Silver Reports (GSR) – Crude Oil Tops $75 on Supply Cuts, Prospect of Iran Sanctions — Brent crude, the global benchmark, rose to its highest level since OPEC on Nov. 27, 2014 turned its back on curbing output to support prices, a move that triggered a battle for market share and helped deepen a collapse to $27 in early 2016.

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Iran Support Fine Line over Production Freeze

Iran Support Fine Line over Production Freeze

Gold Silver Reports → Iran has expressed trade support for efforts among oilproducing nations to cap output yet stopped short of joining the pact, trying to decide the best way forward as it re~enters the international market.

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