(Investing.com)– Oil prices rose on Tuesday ahead of an upcoming OPEC+ meeting on Sunday, in which analysts expect the group will not unwind remaining voluntary cuts. Brent crude was up 72 cents, or 1.06%, at $68.87 a barrel by 11:07 a.m. EDT (1507 GMT). U.S. West Texas Intermediate crude was at $65.34 a barrel, $1.33 or 2.08% higher. WTI futures did not settle
(Investing) – LONDON – Eight OPEC+ countries meeting on Thursday will focus debates on how to convince Kazakhstan to stop exceeding its output quota and its plans to compensate for overproduction as the group steps up gradual production hikes, two delegates told Reuters. Record Kazakh output has angered several other members of the group, including top producer Saudi Arabia, sources have
Yahoo Finance LONDON – Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output policy, while supply disruption caused by a storm in the Black Sea combined with lower U.S. inventories to drive buying. Brent crude futures were up 61 cents, or 0.8%, to $82.29 a barrel at 1447 GMT. U.S. West
Nasdaq LONDON – Oil prices fell on Monday, with the Brent benchmark dropping near $80 a barrel as investors awaited this week’s OPEC+ meeting and expected curbs on supplies into 2024. Brent crude futures LCOc1 were down 35 cents, or 0.4%, at $80.23 a barrel by 1447 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 lost 29 cents, or 0.4%, to $75.25. Both contracts lost $1 in early trading, after having registered their fifth weekly
CNBC Oil prices edged lower on Tuesday, giving up most of the prior session’s gains that followed an announcement by the world’s top exporter, Saudi Arabia, that it would further cut output. Brent crude futures were down 23 cents, or 0.3%, at $76.48 a barrel at 00:20 GMT. The U.S. West Texas Intermediate crude eased 25 cents, or 0.4%, to $71.90 a
CNBC Oil prices edged up on Tuesday as expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday outweighed concerns about the global economy. Brent crude futures rose $1.80, or 2.03%, to $90.67 per barrel after gaining more than 4% in the previous session. U.S. crude futures rose by $1.66, or 1.98%, to $85.25
World Oil SINGAPORE (Bloomberg) –Oil rebounded from another sharp drop as OPEC ministers prepared to meet amid booming volatility. West Texas Intermediate rallied as much as 4.6% after shedding almost $4 on Tuesday. That selloff was driven by escalating concerns over the impact on demand of the omicron virus variant and prospects for a faster tapering of stimulus by the
Reuters LONDON, Nov 4 – Oil prices rose more than $2 on Thursday, lifted by expectations that OPEC and its allies will stick to slow output increases despite calls from the United States and large importers for additional supply to cool the market. Brent crude was up $2.15, or 2.6%, at $84.14 a barrel by 1338 GMT and U.S.
World Oil SINGAPORE (Bloomberg) –Oil headed for the biggest monthly loss since October as investors weighed the prospect of additional OPEC+ production and the restoration of crude output in the U.S. after Hurricane Ida. West Texas Intermediate fell 0.8% in New York and is down about 7% this month. While Gulf of Mexico crude producers are expected to gradually resume
Reuters MOSCOW – Saudi Arabia and Russia have differences over a potential deal among OPEC+ oil producers that could ease curbs on supply starting in April, a source told RIA news agency on Monday ahead of a meeting of the group next week. The Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, are likely
Reuters LONDON/MOSCOW/DUBAI – The world’s two largest oil exporters, Russia and Saudi Arabia, are in talks on how to support volatile oil markets, the Kremlin said on Monday as rising coronavirus infections worldwide curb fuel demand. An OPEC+ ministerial monitoring committee, comprising Saudi Arabia and Russia, is meeting on Monday. The panel could discuss rolling over existing oil cuts for
Reuters MOSCOW/DUBAI – OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to push laggards such as Iraq and Nigeria to comply with existing curbs. The producers known as OPEC+ previously agreed to cut supply by 9.7 million barrels per day (bpd) during May and June to prop up prices
