West Texas Crude Oil Futures Closed Wednesday (Sept. 14) up $ 1.17 following a report from the Organization of Petroleum Exporting Countries (OPEC), which predicts strong demand for oil.
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West Texas Crude Oil Contract Delivered in October Trading on NYMEX rose $ 1.17 to close at $ 88.48 a barrel. Brent North Sea London Delivered in November rose 93 cents to $ 94.10 a barrel.
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Oil prices fell on Tuesday (September 13) amid concerns over the Federal Reserve accelerating interest rate hikes after disclosing more-than-expected inflation data. which will lead the economy to face a recession and affect the demand for oil
OPEC expects oil demand to remain strong in 2022 and 2023, thanks to the expansion of large economies.
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