Friday, June 20, 2025
OPEC prepares for its 171st meeting to decide on production cuts

Oil Prices Slide on Oversupply, Kuwait Dissolves Parliament

WTI under $50 Oil prices slipped Monday morning over concerns of global oversupply despite promises from OPEC leader Saudi Arabia that the group would work to limit production at its next meeting in November. Both U.S. and international crude benchmarks were down more than $0.50 per barrel in trading Monday morning after breaking above $50 in October. The number of