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Oil stabilizes after expected OPEC+ cut extension, Brent crude at $83.74/bbl
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Gold rate today, 4th March 2024: Gold price retraces from 3-month high on hawkish US Fed rate buzz. Opportunity to buy? The extension of voluntary oil output cuts, totaling 2.2 million barrels per day (bpd), by the Organization of the Petroleum Exporting Countries and its allies (OPEC+), aims to stabilize the market amidst global economic uncertainties and increasing production levels outside the group.
Read more on livemint.comAbout this in other media
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Oil holds near 4-month high, logs 3% weekly gain on IEA demand forecast, Ukraine attack; Brent at $83/bbl livemint.com /8 months ago
Oil market oversupplied with record-high US output, Brent seen at $87-$92 for 2024: ShareKhan's Mohammed Imran livemint.com /8 months ago
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