The energy minister of Saudi Arabia says OPEC+ is ready to wait months for insights from "actual data" before modifying policies in response to price fluctuations in the crude market.
Keyword:
Months.This is going to be a wild and unpredictable ride.
Energy.
— Gold Telegraph ⚡ (@GoldTelegraph_) October 8, 2023
Down futures just opened ~200 points lower in a very volatile open.
Geopolitical tensions have quickly become a primary source of market volatility.
We expect volatility into year-end to continue to escalate.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) October 8, 2023
WOW! Crude Oil Futures blasting 🚀 pic.twitter.com/v8EfZIM7nm
— Barchart (@Barchart) October 9, 2023