Overview As we move into September 2024, oil prices have faced downward pressure, largely driven by expectations that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) will increase oil production starting in October. The decline in prices is compounded by strong consumer spending data from the United States, which has dampened hopes for a significant interest rate cut by the Federal Reserve next month. As a result, both Brent and West Texas Intermediate (WTI) crude futures have experienced notable declines, reflecting a complex interplay of supply and demand dynamics in the global oil market. OPEC+ Supply Increase and Market Impact OPEC+ Production Plans: OPEC+ has announced plans to gradually reduce production cuts starting in October, which has weighed heavily

Clean energy cannot fight the wars. Oil is need to be in power. Everywhere still need oil.

Yeah oil had drop but my country Singapore 🇸🇬 fuel price still the same high 😤

Look long term. Price remain steady 

Stay

good

cls

Wars especially in the middle east traditionally were triggers to oil price surge. While the world is trying to go green, there are still big consumers out there which must have no choice but to rely on oil to power themselves. The war in the Middle East  inbihited oil harvesting and conveyance and consequently led to the surge in prices as a basic economic function of supply and demand. And this may not be a necessary bad factor to the oil producers, which can scale down and slow down their oil export while maintaining profit margin.

$Geo Energy Res(RE4.SI)$   $RH PetroGas(T13.SI)$  $Rex Intl(5WH.SI)$  Why buy Geo energy? Middle east tension have caused the international oil prices shooting up fast...If you have missed the boat for Rex and RH...  Do take a look at Geo energy.  Coal is a substitute of oil during winter. Very soon ,the West and EU going welcome the winter... As usual, the talking of "going green" will be out aside as energy cost remains high..   Many countries will turn to coal to keep the people warm. Coal usage will be high for next few months. Potential upside for

Overview Oil prices witnessed a slight decline on Wednesday, driven by unexpected growth in US crude inventories and eased concerns over a potential Middle East conflict that could disrupt global oil supplies. Despite recent price gains fueled by geopolitical tensions, the market has seen mixed signals as it balances supply concerns with economic indicators and inventory data. Inventory Data Weighs on Prices On Wednesday, US crude oil prices fell as inventory data revealed an unexpected build of 1.4 million barrels, against market expectations of a 2.2 million barrel decline. This marked the first increase in inventories after six consecutive weeks of draws. The unexpected rise in inventories contributed to the downward pressure on oil prices, as traders reassessed supply levels. Robert Ya

Oil up 2% and pushing the high $70s  We are entering the worst week of October, especially during an election year. Middle East tensions not slowing down which is likely the reason for the oil pump today. Oil going up isn’t good for inflation or the broader economy. CPI this week should be strong but probably won’t increase the upcoming cut to anything more than 25bps given the strong jobs report last week. Volatility this week seems likely. 

$Occidental(OXY)$  inevitable war which may cause oil price to skyrocket. Tension in the middle East is just getting started. 

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Yes did buy oil $Occidental(OXY)$ and still holding

$NASDAQ(.IXIC)$  bullish on oil production cut 

Yes and so is inflation. 

Peace forever let's go

Wti could reach 93, 

very good