Oil rises again on renewed OPEC+ meeting hopes
Oil prices rose this morning on indications that an OPEC+ meeting is coming soon, with an agreement to extend June’s production-cut levels to July.
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Oil prices rose this morning on indications that an OPEC+ meeting is coming soon, with an agreement to extend June’s production-cut levels to July.
Oil prices fall as enthusiasm for a possible OPEC+ agreement to continue June’s production cuts for more months subsides.
Oil prices got a boost this morning on rumours that the coming OPEC+ meeting may keep high-level production cuts after June.
Oil prices rose this morning on anticipation for the coming OPEC+ meeting, which is rumoured to discuss maintaining high-level production cuts after June, Rystad Energy reports.
Oil prices fell this morning as traders priced in concerns over the future of crude stocks, geopolitical tensions and fears over how Covid-19 will progress.
Oil prices fell this morning as industry data hint a crude stock build in the US and as the potential for US-China tensions rises.
Although at a stable overall level, oil prices fell this morning on concerns over the coming production recovery and if it will again move supply to higher levels than demand justifies.
Oil prices rose this morning on indications that the global oil market is getting balanced soon, as supply cuts seem to meet the gradual demand rebound.
Oil prices fell today as traders corrected the high levels that consecutive boosts created in previous days.
Oil prices rose today on indications that supply has been sufficiently curtailed to balance demand and on news that US storage filling levels have dropped.
Oil prices have reached stable levels and are staying in the more comfortable US$30-35 range.
Oil prices rose again this morning as the promised production cuts seem to be realised and on signs that demand is indeed picking up globally.