Crudeoil MCX || 16 Feb

MCX:CRUDEOIL1!   Crude Oil Futures
EA's Optimistic View:

IEA forecasts global oil supply to outpace demand, with non-OPEC countries leading the rise.
OPEC's Limited Options:

OPEC faces challenges as demand for its oil is predicted to decline, limiting room to lift output without oversupply risks.
Dubious Non-OPEC+ Increase:

Doubts arise over IEA's projection of a 1.6 million barrels per day surge in non-OPEC+ oil production, especially regarding U.S. output.
OPEC's Response:

Some OPEC nations commit to deeper cuts, challenging the IEA's rosy picture, and suggesting the market may not be as comfortable as depicted.
Upside target done, --- +71 Points


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