Oil Gains on Supply Concerns, Investors Await July OPEC+ Output Decision

Oil gains on supply concerns, investors await July OPEC+ output decision

Brent crude futures settled up 81 cents, or 1.26%, to $64.90 a barrel. U.S. West Texas Intermediate crude gained 95 cents, or 1.56%, to stand at $61.84 a barrel

Oil Prices Rise In Face of Supply Risks, Increased OPEC+ Production Expected

Oil prices rose more than 1% on Wednesday, with the U.S. barring Chevron from exporting crude from Venezuela and production shut-ins from Canada, while markets anticipated an expected production increase from OPEC+.Brent crude futures LCOc1 rose 93 cents…

Oil Inches Up on Supply Risks, Offset by Expected OPEC+ Output Increase - Energy News, Top Headlines, Commentaries, Features & Events

Summary OPEC+ grouping meets Wednesday Eight OPEC+ members expected to boost output on Saturday Goldman Sachs sees OPEC+ keeping output steady after July hike Canadian wildfires, Chevron’s Venezuelan oil curbs limit price downside (Reuters) – Oil prices inched up on Wednesday, with the U.S. barring Chevron  from exporting crude from Venezuela and production shut-ins from Canada, ...

OPEC+ set to agree July oil output hike this week, sources say – Oil & Gas 360

(Investing) – LONDON/DUBAI – OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates from the group told Reuters, in the latest stage of a plan to meet rising demand and increase market share. When the 22-member group meets on Wednesday to review the market, it is not expected to change policy, the sources said. But they said they expected an output hike to be agreed for July when the eight OPEC+ memb

Brent Near $65 As OPEC+ Mulls July Production Hike

Global crude oil prices remained largely stable on Tuesday as market participants assessed the likelihood of a production increase by the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) ahead of a key ministerial meeting scheduled later this week. Brent crude oil, against which Nigerian oil is priced, gained $0.11 or 0.2% to […] The post Brent Near $65 as OPEC+ Mulls July Production Hike appeared first on Investors King.