16th Dec-XA Oil price bias – Bearish sentiment is one OPEC decision away
Brent oil price at $61.95 per barrels is 15% lower than a year ago. Feb-26 futures contract is at $61.96/bbl followed by price touching to $60.85 /bbl by Dec-2026, indicating a very thin backwardation of $0.50/bbl in the Feb-Mar contracts. The Feb-26 contract…
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