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Star crude oil trader Andurand: Saudi Arabia will not relax production cuts until oil prices reach $110
On Tuesday local time, the Future Investment Initiative (FII) conference, known as "Desert Davos," was held in Riyadh, Saudi Arabia. Pierre Andurand, a well-known crude oil trader known as the "god o ... -
Economy and inflation cooling down, US stock market weekly, three consecutive positive days, oil price rebounding by over 4%
The US stock market fluctuated in a narrow range near the flat level throughout the day, ultimately closing higher. As of the close, the Dow rose 1.81 points, a slight increase of 0.01%, to 34947.28 ... -
Oil prices face the risk of halving! Wall Street insiders warn that OPEC+may abandon production cuts
Although OPEC+continues to reduce production this year, international oil prices have been under pressure due to factors such as weak global oil demand and rising oil production in Western countries ... -
CITIC Securities: US stocks officially enter safe haven mode, oil price points at $100
According to a research report by CITIC Securities, the rise of US stocks starting in 2023 is due to a smooth decline in inflation. This logic has been broken since Q2, and US stocks will enter a saf ... -
On site visit to Costco's first gas station in mainland China: 50% off oil prices, member store "cross-border coupons"
Member stores open their own gas stations and offer discounted prices to fuel their members, which is a business being carried out by retail giant Costco. Recently, Costco's first gas station in main ... -
The longest consecutive drop in oil prices this year! Geopolitical risks are heating up, and long and short emotions are intertwined
Recently, the continuous decline in international oil prices has attracted market attention. On August 2nd, the WTI crude oil main contract fell 3%, hitting a new low in nearly two months; The main c ... -
Is the Middle East conflict stirring up the market? Analysts warn that oil prices face upward risks
After the clashes between Hezbollah and Israel on Sunday, Vivek Dhar, a mining and energy commodity strategist at the Commonwealth Bank of Australia (CBA), warned on Monday that oil prices may contin ... -
Oil prices hit a 15 month low? Oil trading giants and Morgan Stanley warn of worrying demand outlook
For long traders in crude oil trading, last week was a painful week: both US and Brent crude hit new lows since June 2023 last Friday, with WTI crude oil futures for October falling 2.14% last Friday ...