Oil Markets Await Clear Signals From OPEC+
3 Articles
3 Articles
Oil Markets Await Clear Signals From OPEC+
WTI futures ended Thursday’s session just below a $62.59 pivot, paring earlier gains as a late-week rally fizzled. Crude prices initially rose following a U.S. trade court ruling that overturned broad Trump-era tariffs, which briefly lifted sentiment across risk assets. However, the upside lacked conviction, with futures retreating into the close and pushing prices down roughly 1% for the week. Brent tracked similarly. The subdued response signa…
Oil drops slightly before the decision of the Opep+ Admin FCE 30 May 2025 - 15:20 Oil prices are in the red Friday, with rumours of press that the eight members of the Opep+ who have to set their production quota for the month of July could reintroduce more barrels than previously expected by the market.About 13H05 GMT (15H05 in Paris), the price of the Brent barrel of the North Sea, for delivery in July, which is the last day of quotation, lost…
A barrel (159 liters) of the North Sea variety Brent for delivery in July cost 63.95 US dollars in the morning and thus 20 cents less than the previous day.
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