100 dollar banknotes and oil prices
Close-up of an Oil Price headline above $100 Cash – Photo: Shutterstock

The stars appear to be aligned with oil. During the month, a number of bullish catalysts came into play, exerting pressure STI and Brent Prices increase by about 8%.

Due to OPEC+ cutbacks, the global oil market will be short of 2 million barrels per day from November. In its most recent full-year outlook, the oil cartel also raised its forecasts for long-term demand and warned of underinvestment…

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