OPEC Meeting Eyed for Oil Price Support Amid Supply Gains and Demand Uncertainty
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Oil prices rebounded on bets that OPEC will act to support prices at upcoming meeting.
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Goldman Sachs expects OPEC to ensure $80-$100 oil prices through 2024.
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But WTI still fell 1.7% this week, down 19% from September peak.
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Supplies are exceeding expectations with shipments rising from Guyana, North Sea, US.
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Demand outlook uncertain with lower China processing, rising US jobless claims.