Crude Falls Despite Trade Talk Optimism

Crude Falls Despite Trade Talk Optimism

Oil dropped over 2% as reports of accelerated OPEC+ output overshadowed easing US-China trade tensions.

Crude Prices Fall on Fears of Global Oversupply

June WTI crude oil (CLM25 ) Wednesday closed down -1.40 (-2.20%), and June RBOB gasoline (RBM25 ) closed down -0.0165 (-0.79%). Crude oil and gasoline prices on Wednesday fell back from 2-1/2 week highs and settled moderately lower. Wednesday's stronger dollar is bearish for energy prices. Crude also came under...

Brent crude oil (the world reference) due in June fell by 1.95% and WTI (the American benchmark) with delivery scheduled for the same month fell by 2.20%

Oil Prices Tumble On Report Some OPEC+ Members Want Accelerated Output Increase – altnews.org

Update 10:33 am ET: What was already an ugly day for oil on the back of the Kazakhstan comments that

Oil prices fell to 3% this Wednesday because sources said OPEC+ would consider accelerating its oil production growth in June, but losses slowed down after a report that U.S. President Donald Trump could reduce tariffs on Chinese imports. Brent oil's futures dropped $1,32, or 1.96%, to $66.12, while U.S. Intermediate West Texas oil lost $140, or 2.20%, to close at $62.27.