US EditionOil Prices Rise as OPEC+ Hikes Production Less than Expected (USO:NYSEARCA)
15 Articles
15 Articles
OPEC+ agrees to another oil output hike
The world’s major oil producers agreed to raise output again, a move that raised fears of a supply glut and could further dampen prices.OPEC+ is looking to reclaim market share lost to US shale producers and maintain discipline within the group — some members stand accused of violating quotas — while the group’s heavyweight member, Saudi Arabia, is likely hoping that lower prices will please US President Donald Trump.Still, the increase was a re…
Oil prices rebounded slightly on Monday, after the member countries of the Organization of Petroleum Exporting Countries and their allies (OPEC+) decided on the eve of a lower output increase than expected by the market.
Oil prices continue to rise on lower-than-expected OPEC+ output hikeOil prices continued to rise on Tuesday after OPEC+ increased output by 137,000 barrels per day since November, less than market expectations. Brent futures rose to $65.70 and WTI to $61.90.
Oil steady as market chews over OPEC+ output hike, supply glut fear
Oil steady as market chews over OPEC+ output hike, supply glut fearOil prices steady as OPEC+ output rise disappoints; demand concerns persist. The post Oil steady as market chews over OPEC+ output hike, supply glut fear first appeared on The Dispatch.
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