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Crude Oil Prices Eyeing OPEC Outlook Report After Saudi Output Cut, US Stimulus


Crude Oil Prices Eyeing OPEC Outlook Report After Saudi Output Cut, US Stimulus
2021-01-09 07:00:00
Daniel Dubrovsky,
Strategist
Crude Oil Fundamental Outlook - Bullish
Crude oil prices may rise on Saudi Arabia output cut, US stimulus
Rising longer-dated Treasury yields may boost USD, slow oil gains
WTI event risk: OPEC monthly report, EIA storage, US retail sales
WTI crude oil prices spent most of this past week rallying amid a couple of fundamental developments that may keep energy prices afloat ahead. The first was Saudi Arabia surprising markets after the nation announced that it will cut output by 1 million barrels per day next month and in February, an outcome from the 13th OPEC and non-OPEC Ministerial Meeting. ....

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