The prices of oil futures declined on Wednesday after Saudi Arabia reportedly informed the United States it might increase its crude production in early 2024. West Texas Intermediate (WTI) for November’s settlements slid by 1.49% at 10:01 am ET to sell for $84.68 per barrel. A minute later, Brent for December’s deliveries decreased by 1.08% to go for $86.66 per barrel.
Iran was not aware of Hamas’s Attack Plans….HAHAHA
Prices of oil futures continued to decrease sharply on Wednesday after The New York Times reported that early data collected by the United States intelligence agencies showed that Iran was not aware of Hamas’s plans to attack Israel on October The lack of evidence that would link Tehran and Hamas seemingly assured investors that Iran, a significant oil producer, will not be dragged into the armed hostilities in the region and that the supply of the commodity is not in danger at the moment. West Texas Intermediate (WTI) for settlements in November was down 2.91% to $83.61 per barrel and Brent for deliveries in December declined 2.38% to $85.72 per barrell. N N: And these t wo reports just happened to be released at the same time. All i can say is bullshit and bullshit