Tues. AM KTFA News Articles 11-22-22



Samson » November 22nd, 2022

Oil prices rise after the denial of OPEC oversupply

22nd November, 2022

Oil prices rose in early Asian trading today, Tuesday, a day after Saudi Arabia, a key member of OPEC, denied increasing oil supply

Brent crude futures rose 52 cents, or 0.59%, to $87.97 by 04:07 GMT. Meanwhile, US West Texas Intermediate (WTI) crude futures rose by 28 cents, to $80.27 a barrel. Both benchmarks fell more than $5 a barrel in the previous session after some media outlets reported that an increase of up to 500,000 barrels per day would be considered at the OPEC+ meeting on December 4

Prices rebounded quickly in full after Saudi Energy Minister Prince Abdulaziz bin Salman said the kingdom was committed to production cuts and was not discussing a potential increase in oil production with other OPEC oil producers

The Organization of the Petroleum Exporting Countries (OPEC+) and its allies (OPEC+) recently cut production targets and Saudi Arabia’s energy minister was quoted as saying this month that the cartel would remain cautious about oil production due to uncertainty about the global economy


Capping market gains was rising COVID-19 cases in China as the country grapples with a nationwide outbreak of the disease that is nearing its peak in April  LINK

Source: Dinar Recaps


If you wish to contact the author of any reader submitted guest post, you can give us an email at and we’ll forward your request to the author.

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2022 Dinar Chronicles



Please enter your comment!
Please enter your name here