Oil Posts Monthly Slump; OPEC+ Panel Tightens Market Outlook

The video discusses recent market losses and bearish sentiment, highlighting economic slowdowns and geopolitical unrest. It covers OPEC's meeting, where decisions were made to adjust oil market forecasts, predicting a supply deficit for 2023. The analysis includes oil price trends in major markets and OPEC's strategic changes, with Saudi Arabia's efforts to reduce volatility, contrasting with the Biden administration's stance.

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