CRUDE OIL PLUMMETS TO LOWEST SINCE JUNE
https://media.zenfs.com/en/oilprice.com/98b4b199b4677899377ade61d7061fb2
✍️ Crude oil benchmarks are trading lower due to OPEC+'s decision to increase output and soft demand in Asia, leading to a fragile market balance.
👉 OPEC+ plans to increase crude output 👉 Soft demand in Asia is compounding the supply overhang 👉 Weakening demand in Japan and China is a key flashpoint for traders 👉 US government shutdown is injecting uncertainty into energy markets
-- #AndrewLipow #AlexHodes #KaesVan'tHof #TomKool #Asia #Japan #China #Turkey #Ceyhan #US #energy
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