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What to Watch: OPEC MOMR

ENERGY
  • The updated OPEC monthly oil market report will be released later today at 13:00 giving an updated forecast for future oil demand with recession fears and Russian supply uncertainty weighing on the market.
  • The delayed CFTC commitment of traders report will be released after the close today at 15:30ET today. Crude oil managed money net long positions have edged higher in recent weeks on global supply concerns from OPEC+ and Russia and with speculation of some recovery in Chinese oil demand.

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