An increase in U.S. crude inventories is weighing on oil prices and in the long term, concerns over rising oil production in the Permian region is keeping a lid on prices. Kim Kwang-rae More Quotes by Kim Kwang-rae More Quotes From Kim Kwang-rae As geopolitical risks involving Iran are likely to persist, that would support WTI to stay above $60 a barrel, while Brent is expected to stay above $65 per barrel but below $70 for the time being. Kim Kwang-rae business The market sentiment is that OPEC+ will agree to extend cuts, but after all what matters is how deep the cuts will be and how much Saudi Arabia and Russia will curb. Kim Kwang-rae business As the possibility of Russia ending the OPEC deal remains, that is capping further gains. Kim Kwang-rae business The gains are seen to be a technical rebound from the last session's losses, but the market's focus is on the OPEC meeting and how much Saudi Arabia and Russia would increase output. Kim Kwang-rae company-news
