Market watchers are predicting a bearish outlook for crude oil prices, with fears of a drastic fall if OPEC+ unwinds its existing output cuts. Tom Kloza, global head of energy analysis at OPIS, warns that oil prices could plummet to $30 or $40 a barrel without a real agreement to curb production, potentially erasing around 40% of current prices. Currently, global benchmark Brent is trading at $72 a barrel, while U.S. West Texas Intermediate futures are around $68 per barrel.
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Tim Dolighan cartoon, Feb. 8, 2025
Tim Dolighan's cartoon from February 8, 2025, features a humorous depiction of a situation. The video failed to load, but viewers can access other videos from the team by refreshing their browser or tapping a provided link. The cartoon likely offers a satirical take on a current event or societal issue, providing entertainment and commentary for the audience. Full Article
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