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Crude Oil Analysis: Stuck Between US Inflation, OPEC Policies, and Chinese Demand Potential
Crude Oil analysis lies at a critical juncture with a rising debate between OPEC members: some are unwilling to cut oil production below their capacities, while others seek to shore up crude prices. As previous policies have shown, OPEC members would adhere to supply cut quotas while non-members fulfill the global demand. However, members such as Iraq and UAE are eager to secure higher production levels onto 2025 with their increased production capacities. U.S CPI metrics cooled down and are still above the Fed’s desired 2% target rate, reflecting a difficulty for a rate cut on the near horizon In terms of crude, ... (full story)