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Commodities Corner: Demand concerns weigh on oil prices despite OPEC+ move to cut more output
Concerns about a slowdown in global oil demand are a key to why oil prices stayed in check Friday, despite a decision by major oil producers to cut additional barrels from their production quotas in January......»»
Oil jumps 3% on U.S. stockpiles drop; further OPEC output cuts seen
Oil prices surged more than 3% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles......»»
Oil jumps 4% on U.S. stockpiles drop; further OPEC output cuts seen
Oil prices surged 4% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles......»»
Oil rises before OPEC+ meet, lifted by drop in U.S. crude stocks
Oil prices rose on Wednesday ahead of a meeting of OPEC and its allies to discuss whether to extend production curbs to support the market, while industry data showing that U.S. crude stockpiles fell more than expected helped to lift prices......»»
OPEC+ likely to extend oil supply cuts until June: sources
OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi Arabia's push for stable oil prices amid the listing of state oil giant Saudi Aramco......»»
Futures Movers: Oil prices log first gain in 3 sessions after report OPEC will weigh deeper output cuts
Oil futures finish higher on Tuesday to log their first gain in three sessions, buoyed by a report that major oil producers will consider deeper production cuts when they meet in December......»»
Commodities Corner: Soybean futures end nearly flat, but hold near 3-month high as USDA cuts production estimate
Soybean prices give up earlier gains Thursday to end almost flat, but hold near their highest level in three months as the government cut the estimated size of this year’s crop, citing lower yields......»»
Commodities Corner: Soybean futures seen settling at 3-month high as USDA cuts production estimate
Soybean prices climbed Thursday, heading for the highest settlement in nearly three months as a monthly report from the U.S. Department of Agriculture showed expectations for a drop in production, citing lower crop yields......»»
What The OPEC, OPEC+ Deal Means For Oil Investors
On Monday, OPEC reached a deal to extend its crude oil production cuts until March 2020. On Tuesday, Russia and nine other non-OPEC oil producers also reached a deal to cap oil production in an effort to support crude oil prices in a softening global manu.....»»
Futures Movers: Oil market’s post-OPEC rally fades on trade-pact uncertainty
Oil futures prices slip Tuesday, unable to extend the late-Monday gain that followed word of extended OPEC production cuts, with investors unable to completely shake demand worries tied to a vulnerable global economy and trade......»»
Oil price "could easily be $75" if trade truce boosts demand, expert says
The success, or failure, of trade talks between the U.S. and China will be a decisive factor in the oil price outlook this year, despite OPEC's decision to extend production cuts, oil market expert Amrita Sen told CNBC on Tuesday......»»
OPEC and allies extend oil supply cut in bid to boost prices
OPEC and its allies led by Russia agreed to extend oil output cuts until March 2020 on Tuesday seeking to prop up the price of crude as the global economy weakens and U.S. production soars......»»
4 Oil Stocks to Consider Amid OPEC Uncertainty
In a meeting on Monday, July 1, OPEC agreed to extend current oil production cuts into the first quarter of 2020. The price of WTI crude is $58.65 per barrel curren.....»»
Instant view: OPEC"s nine-month oil output curb boosts price outlook, shale
OPEC ministers on Monday agreed to extend the oil producers' group supply cuts until early 2020 to prop up crude prices and offset the risk of a market glut amid growing U.S. output and a weakening global economy......»»
Oil prices jump as OPEC set to extend output cuts
Oil prices jumped Monday morning as traders bet that producers' club OPEC will extend curbs on production. Julian Satterthwaite reports......»»
OPEC set to extend output cuts as demand falters
The OPEC+ alliance is poised to extend production cuts into 2020 as the world’s leading oil exporters fret about a weakening outlook for global demand growth and the relentless rise in output from America’s shale fields......»»
OPEC agrees to extend oil supply cut by nine months: delegate
The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil production cuts by nine months, an OPEC delegate said......»»
OPEC extends oil cut to prop up prices as economy weakens
OPEC agreed on Monday to extend oil supply cuts until March 2020, three OPEC sources said, as the group's members overcame their differences in order to prop up the price of crude amid a weakening global economy and soaring U.S. production......»»
The Wall Street Journal: Saudi oil minister: OPEC, Russia could extend production cuts by nine months
Saudi Arabia, the world’s largest crude exporter, doesn’t see a need for deeper cuts and markets will likely balance in the next six to nine months, Saudi Energy Minister Khalid Falih said......»»
Commodities Corner: OPEC readies for ‘critical’ meeting, decision on oil output cuts
The meeting of the Organization of the Petroleum Exporting Countries .....»»