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Monday, November 18, 2024

OPEC says ‘exaggerated concerns’ about demand are hitting oil prices but still sees a slowdown in 2024

Excessive worry over oil demand was a key theme in November, marked by high volatility and heavy sell-offs in futures prices, the Organization of the Petroleum Exporting Countries said in its monthly report. That comes as Brent crude, the international benchmark, fell 7% in November and has tumbled …

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