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OPEC cuts 2024, 2025 global oil demand growth view again

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Crude Oil Price Movements In September, the OPEC Reference Basket (ORB) value declined by $4.82/b, or 6.1%, m-o-m, to average $73.59/b. The ICE Brent’s front-month contract fell by $6.01, or 7.6%, m-o-m, to average $72.87/b. The NYMEX WTI front-month contract dropped by $6.06, or 8.0%, m-o-m, to average $69.37/b. GME Oman’s frontmonth contract fell by ...

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