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19th until November 23 – epbr



Investing.com – Next week, oil traders will be following closely the comments of global oil producers to assess their willingness to lower production after prices have suffered their sixth consecutive weekly loss. Global oil prices have lost around a quarter of their value since the beginning of October, which has become one of the biggest declines since the price erosion in 2014 with supply rising and the appearance of a slowing demand for investors. 19659002] OPEC ministers will meet in Vienna on 6 December to decide on production policy for the next six months

OPEC's representatives are increasingly making public statements that the cartel and its partners will start producing crude oil 201

9 to increase supply and keep prices.

Saudi Arabia In fact, according to recent reports, OPEC intends to reduce cartel production by about 1.4 million barrels per day (bpd).

Futures stable again on Friday Data showed that US energy companies added oil rigs for the fifth time in six weeks, leaving the number of probes at their highest levels in three years.

The week ended November 16, the highest level since March 2015, oil company Baker Hughes said in its Friday report.

The US benchmark ended Friday's session on Friday at $ 56.68 a barrel at the close of the New York Mercantile Exchange trading session, below the previous $ 58 level.

During the week, the WTI lost 6, 2%, recording its The sixth weekly decline in a row

Meanwhile, the global benchmark due in January on the ICE Futures Exchange in London earned 14 cents and ended at 66.76 US dollars per barrel.

Around 4.8% Looking ahead, new weekly data on US crude oil inventories to gauge the demand strength of the world's largest oil consumer and the rate at which production will continue to grow rapidly. [194559002]

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The US Energy Information Administration (EIA) indicated in its weekly report that crude oil inventories rose for the eighth consecutive week

Before next week, Investing.com has compiled a list of these and other important events that may affect the oil market.

Odeverá publishes his weekly oil stock update in the US. The Energy Information Administration will publish its weekly report on oil stocks.

Thursday, November 22

Financial markets in the US are closed for Thanksgiving. Friday, November 23

Baker Hughes will release weekly sonar data in the US


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