# OPEC’s Supply Delay Will Do Little to Stop Oil’s Slide - Bloomberg

> Bloomberg reports that the OPEC+ delay is boosting prices temporarily, but a fresh surplus may emerge early next year. Sluggish Chinese demand has weighed on prices.

- Date: 2024-11-04 · published 2024-11-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27306-opec-s-supply-delay-will-do-little-to-stop-oil-s-slide-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Fragile price gains and an expected 2025 surplus point to weaker crude, which lowers energy and freight costs over time but adds volatility for feed input budgeting.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/newsletters/2024-11-04/opec-s-supply-delay-will-do-little-to-stop-oil-s-slide

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.