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Oil, OPEC
Oil prices end at their lowest in 3 weeks after OPEC+ fails to allay supply worries
Oil futures fell Friday and were on track for weekly losses a day after a decision by the Organization of the Petroleum Exporting Countries and its allies to further postpone a planned reversal of production cuts failed to soothe fears of a crude surplus.
Oil prices dip as extended OPEC+ supply cuts highlight weak demand
Oil prices dipped on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026. Brent crude futures fell 21 cents, or 0.
Oil Holds Tight Range After OPEC+ Extended Output Cuts
Oil prices continued to trade in a tight range despite OPEC+’s decision to push back a series of supply increases amid growing concerns over weaker demand and a looming supply surplus.
14h
on MSN
The US and other crude producers will take more oil market share from OPEC in the coming years, Bank of America says
The US and other oil-producing nations will account for the bulk of crude supply growth in 2025, Bank of America said.
3d
Oil headed to $65 per barrel in 2025 amid ample supply, BofA says
Wall Street analysts are forecasting a bearish market for oil next year as the world's electrification shift progresses and ...
Crude Oil Prices
2d
Oil Prices Tick Higher on Crude Inventory Draw
Crude oil prices rose following a surprise inventory draw reported by the EIA, but concerns about global demand persist.
2d
on MSN
Oil Seen Below $60 by Middle of New Trump Term, Survey Shows
Banks are gearing up for US oil prices to fall below $60 a barrel by the middle of President-elect Donald Trump’s new term in ...
16h
The world’s food prices are at a 19-month high. Here’s why
The United Nations' world food price index reached its highest point since April 2023, due to surging vegetable oil prices.
1d
on MSN
Key members of OPEC+ alliance are putting off production increases amid slack crude prices
The OPEC+ alliance of oil exporting countries will decide Thursday whether to put off plans to pump more crude amid sluggish ...
The Financial Times
1d
What can Trump do about the price of oil?
Among his many promises, president-elect Donald Trump is promising to drive down the
price
of energy in the US. But how realistic a plan is that? What levers does he have to pull? Today on the show, ...
Crude Oil Prices
16h
Is Oil’s Gloom Overblown? Barclays Thinks So
Barclays believes the oil market is overly pessimistic about 2025, predicting tighter supply and potentially higher prices ...
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