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The WTI crude oil for November delivery was last seen trading at $ 0.59 (or 0.91%) to $ 65.57 per barrel.
Intensive Ukrainian drone attacks on Russian oil refineries and energy infrastructure have now exported physically physically into supply disruption, curbing the Russian fuel exports. In many Russian areas, some grade deficiency of fuel is faced due to a decline in purification capacity.
Ukrainian President Volodimier Zelanski has said that US President Donald Trump supported Ukraine’s retaliation on Russia’s energy infrastructure, which have extended Russian refineries. In particular, the two leaders met in New York on 23 September on the occasion of the United Nations General Assembly meeting.
Yesterday, Russian Deputy Prime Minister Alexander Novak said that the country would impose partial ban on diesel exports by the end of 2025 and expand the current ban on gasoline exports.
After calling NATO countries to prevent Russian oil from buying, yesterday Trump urged Turkish President Recep Tayyip Erdogan to prevent buying Russian oil as he claimed that Turkish’s continuous imports from Russia were reducing global pressure on the country.
The export of crude oil from the semi-late Kurdistan region of Iraq to Türkiye is scheduled to resume on Saturday.
Eight international oil companies in Iraq, Kurdistan and Kurdistan have formally agreed to reopen the Kirkuk-Sehan pipeline that will allow around 190,000 barrels of raw raw raw raw raw raw raw.
OPEC+ recently agreed to rise to 1.65 million BPD to increase its production in October. However, the alliance is pumping around 500,000 BPD under its target, neutralizing oversuply’s fears and helping oil prices upwards.
For the period from April to August, some of its member nations compensated for overproduction, while some had capacity issues.
Traders were expected to reduce interest rates by the US Federal Reserve after the previous week cut. However, expectations have been reduced after yesterday’s strong economic and job data from the US.
Today, data from the US Commerce Department has shown that individual consumption costs the price index – which is Fed’s favorite inflation remedy – last month by 0.3% to match the market expectations.
In his speech at the United Nations General Assembly today, Israeli Prime Minister Benjamin Netanyahu maintained his stand on continuing military action against Hamas in Gaza.
In parallel, Trump said at the White House that soon there may be a deal in Gaza.
Analysts feel that the price of oil can be directed in the coming days by cooling or cooling geo -political stresses.
The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.
