OPEC+

Crude oil prices and the ETFs that track the commodity are surging higher amid escalating tensions in the Middle East, sending prices to a two-month high. What Happened: On Wednesday, crude oil prices soared over 4% amid heightened tensions between the United States and Iran, prompting Washington...

WTI crude oil futures slipped nearly 2% on Monday after OPEC+ announced it will increase production output by 411,000 barrels per day in June. This follows similar increases in April and May, bringing the total additional supply for those three months to 960,000 bpd and reversing about 44% of the...

Crude oil prices have come under pressure from ongoing trade tensions between the U.S. and China, which have cast uncertainty over global growth and fuel demand. Last week, Energy Secretary Chris Wright spoke positively about the oil and shale industry despite the steep drop in prices.  What to...

Last week, the price of WTI crude oil recorded its largest weekly loss in two years after President Donald Trump announced a tougher-than-anticipated set of tariffs, prompting swift retaliation from China, the world's largest importer of oil.  WTI futures fell further on Monday to just above $...

The energy sector is facing heightened investor scrutiny as recent developments have added uncertainty to oil markets. A combination of rising U.S. crude inventories, geopolitical tensions and trade concerns has triggered volatility in oil prices, leading to mixed reactions across energy-related...

West Texas Intermediate crude oil prices have fallen 6% over the past month to reach multi-year lows on Wednesday. Several factors, including trade policies and OPEC+ production increases, contributed to the sharp decline.  U.S. Tariffs: President Donald Trump’s 25% tariff on energy...

Oil prices fell on Wednesday after OPEC+ sources said that it was talking about holding back a plan to boost output in October due to concerns over demand and production possibly coming back to Libya. Brent crude futures were down 53 cents, or 0.72% , to $73.20 as of 12:15 pm ET Wednesday. U.S....

Oil is on course to secure its fourth consecutive session of gains. What Happened: Oil prices climbed by more than 1% at the start of the week. West Texas Intermediate (WTI) light crude futures, tracked by the United States Oil Fund (NYSE:USO), surpassed $77 per barrel by 8:00 a.m. EST. This rise...

Crude oil prices declined for the fifth consecutive session on Tuesday, with West Texas Intermediate (WTI) light crude, tracked by the United States Oil Fund (NYSE:USO), closing at $73.32. This marks the lowest level since Feb. 7, 2024. The recent decline in oil prices is primarily due to...

The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, are expected to extend their current production cuts this weekend, as per delegates and analysts. What Happened: The OPEC+ alliance, which was scheduled to meet in person in Vienna on Jun. 1, has now...

To no surprise, OPEC+ extended its voluntary cut of 2.2 million barrels per day through the end of Q2 to shore up prices after weak global demand and uncertainty around China's reopening efforts. The biggest surprise within the announcement is the fact that Russia will cut its output and/or...

Natural gas prices surged on Monday after EQT Corporation (NYSE:EQT), the largest U.S. producer, announced it was cutting output in response to low prices. U.S. natural gas futures jumped 5.6% to $1.938, while exchange traded funds that track gas prices were also higher. The United States Natural...

Oil has rebounded nicely this year and yet OPEC+ is leaning toward keeping supply curbs in place, a report said on Sunday. What Happened: OPEC+ members have agreed to extend production cuts until the end of the second quarter, Bloomberg reported, citing sources. The 22-nation, oil-producing...

Oil prices fell to five-month lows on Wednesday following four straight days of declines as traders remained wary that OPEC+ production cuts would have sufficient impact to offset any loss in demand from a global economic slowdown. Brent crude fell 0.8% in early trading on Wednesday to $76.55 a...

By RoboForex Analytical Department Brent oil prices fell to 78.30 USD per barrel on Monday. Despite OPEC+ decisions at the November meeting, oil prices are falling. The issue is that the actual parameters of OPEC+ quotas turned out to be lower than investors expected. This does not cancel out the...