The production blueprint of OPEC may be crucial to oil prices, according to Priyanka Sachdeva, senior market analyst at Phillip Nova. Sachdeva wrote in a report that despite recent remarks by Federal Reserve Chairman Powell suggesting that monetary policy will begin to ease, which has led to a rebound in the oil market, the possibility of increased production by OPEC has limited the rise in oil prices. She said that the market is trying to estimate the possibility of additional supply and weigh the ongoing concerns about the escalation of the situation in the Middle East. Sachdeva added that the market has recently been downplaying geopolitical risks as there has been no significant disruption in oil supply, but this situation may change soon. Currently, the only constant in the oil market is volatility.
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Tổ chức: Bản đồ sản lượng của OPEC quan trọng đối với giá dầu
The production blueprint of OPEC may be crucial to oil prices, according to Priyanka Sachdeva, senior market analyst at Phillip Nova. Sachdeva wrote in a report that despite recent remarks by Federal Reserve Chairman Powell suggesting that monetary policy will begin to ease, which has led to a rebound in the oil market, the possibility of increased production by OPEC has limited the rise in oil prices. She said that the market is trying to estimate the possibility of additional supply and weigh the ongoing concerns about the escalation of the situation in the Middle East. Sachdeva added that the market has recently been downplaying geopolitical risks as there has been no significant disruption in oil supply, but this situation may change soon. Currently, the only constant in the oil market is volatility.