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Oil Price Outlook: Why WTI, Brent Could Rally 10% by Summer, BofA Says

Bank of America predicts Brent and WTI peaking around $95 per barrel in summer, a roughly 10% jump from current levels. ....

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OPEC Cuts Kick in As Cartel Looks to Boost Sagging Oil Prices

OPEC+ scaled back oil output by 490,000 barrels a day last month, Bloomberg reported, with half of the cut coming from Iraq and Kuwait. ....

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US oil output to touch a record high in 2024, but growth will slow

The rise in U.S. output comes as the Organization of the Petroleum Exporting Countries and its allies are cutting their own output in a bid to boost oil prices. U.S. crude production will rise by 290,000 barrels per day (bpd) to a record 13.21 million bpd this year, the EIA said in its Short-Term Energy Outlook (STEO). ....

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Oil Outlook: Investors Short Crude As Saudi Arabia Slashes Prices

Saudi Arabia slashed the price of its flagship crude to its lowest level in two years, with the price drop set to take effect in February. ....

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Oil Outlook 2024: OPEC Cuts, US Shale Boom, Market-Share War Could Come

Experts think the US shale drilling boom will continue, boosting the world's supply of oil. ....

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