February 12, 2025
Oil Prices Remain Depressed After OPEC+ Shocked Markets

Crude oil prices remained depressed in morning trade today in Asia following the Wednesday slump. Yesterday’s drop in prices was caused by news that OPEC+ is delaying its meeting, originally scheduled for this Sunday, to next Thursday. The latest EIA oil inventory report then added to downward pressure on oil prices by showing a sizeable build in U.S…
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