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Crude Oil Market Update: Prices Dip, WTI Futures Settle at Around $65 per Barrel
2 week ago /
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Author：小编
Recently, oil prices have undergone a slight decline, with West Texas Intermediate (WTI) crude oil futures falling to approximately $65 per barrel. This movement can be partially attributed to the resumption of Canadian oil sands production. Concurrently, the U.S. Energy Information Administration (EIA) forecasts a reduction in U.S. crude oil production for the upcoming year. However, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) has emphasized that global oil demand has not yet peaked, predicting an increase to 120 million barrels per day by 2050. According to the latest data, WTI crude oil futures closed at $64.98, while Brent crude oil futures closed at $66.87.
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