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Oil Market Reset: Crude Now In 'Contango,' All Eyes Shift To OPEC, Analysts Flag 2024 Rally
Friday, November 17, 2023 - 12:59pm | 598As OPEC gears up for a meeting in Vienna on Nov. 26, oil prices are on track for their fourth consecutive weekly loss. Prices are hovering at levels last seen in mid-July as the market grapples with slowing demand and easing supply concerns. Commodity analysts have identified a shift in the oil...