Oil prices steady ahead of OPEC report, more rate cues
Investing.com-- Oil prices rose slightly in Asian trade on Monday, steadying after three straight weeks of losses as traders awaited more cues on U.S. interest rates and the OPEC due later this week.
The forecast for high production, which came amid persistent concerns over worsening demand, saw oil prices plummet to four-month lows. A stronger dollar pressures oil demand by making the commodity more expensive for international buyers.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices and news: Oil sinks despite rumours of OPEC cut into 2025Oil prices are hovering below $78 on Friday, failing to recover from the near 3% decline in just two trading days. For the week, Crude’s performance is broadly flat and could still eke out a gain ahead of the OPEC+ meeting, which will take place on
Read more »
WTI Price Analysis: Steadies around $72.50 after OPEC’s normalizing Oil supply policy-indued lossesWest Texas Intermediate (WTI), futures on NYMEX, find a temporary cushion near $72.50 in Wednesday’s European session.
Read more »
Oil settles down ahead of OPEC+ meeting, posts weekly lossOil settles down ahead of OPEC+ meeting, posts weekly loss
Read more »
U.S. crude oil on pace for worst month of year ahead of weekend OPEC+ meetingU.S. oil is down 4.8% in May, while global benchmark Brent has fallen 7.2%.
Read more »
U.S. crude oil on pace for worst month of year ahead of weekend OPEC+ meetingU.S. oil is down 4.8% in May, while global benchmark Brent has fallen 7.2%.
Read more »
Crude Oil falls back despite supply declines ahead of anticipated OPEC+ meetingWest Texas Intermediate (WTI) US Crude Oil backslid on Thursday, with energy markets shrugging off a sharp downturn in reported US Crude Oil stocks.
Read more »