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OPEC + angers America because of its decision to reduce oil production

News Date: 5/10/2022 04:16:02

Crude oil futures declined. According to the New York Stock Exchange, crude oil futures were traded in November at a price of 86.12 dollars a barrel, ie, it decreased by 0.46%.

And in light of OPEC + preparations to reduce oil production, it is expected that this will lead to a recovery in oil prices, which fell to about $90 out of $120 three months ago, due to the rise of the dollar, the rise in the US interest rate, and the intensification of fears about economic stagnation.

This matter is expected to anger the United States, which continues to pressure Saudi Arabia to pump more oil, in order to lower prices and reduce Russia’s revenues from crude exports.


Gold futures also fell 0.13%. It traded in December at $1,728.2 an ounce.


With the end of yesterday’s trading, US stocks closed higher, pulling their indices to the upside ;

The Dow Jones Industrial Average rose by 2.80%, while the Standard & Poor’s 500 Index increased by 3.06% and the Nasdaq Index rose by 3.34%.


On the Tokyo Stock Exchange, the Nikkei index rose at the beginning of trading today by 0.81% to reach 27211.32 points, while the Topix index increased by 0.8 percent to reach 1922.22 points.

OPEC + angers America because of its decision to reduce oil production

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