HomeNews listOBJECTIVE PRESSOil Prices Climb But Bearish Sentiment Remains Strong

Oil Prices Climb But Bearish Sentiment Remains Strong

  • December 8, 2023
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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Oil prices were rising early on Friday morning but remain on course for a seventh consecutive weekly loss as demand concerns continue to drive bearish sentiment.Friday, December 8th, 2023With Chinese oil demand slowing down into Q4, OPEC+ production cuts failing to impress the oil market, and non-OPEC supply continuing to grow – with Guyana starting its third FPSO this month – the immediate outlook for oil prices is far from rosy. Both WTI and Brent fell to their lowest readings since June, falling below $69 and $74 per barrel, respectively,…      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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