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OPEC Reduces 2024, 2025 oil demand growth forecasts

Crude Oil Price Movements In November, the OPEC Reference Basket (ORB) value dropped by $1.47, or 2.0%, month-on-month (m-o-m), to average $72.98/b. The ICE Brent front-month contract dropped by $1.98, or 2.6%, m-o-m, to average $73.40/b, while NYMEX WTI dropped by $2.02, or 2.8%, m-o-m, to average $69.54/b. GME Oman front-month contract dropped by $2.55, ...

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