Oil rises on numbers showing OPEC production is falling and pushing the market toward balance, but U.S. data coming later from the EIA could weigh on prices.

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Topics:  opec   u.s    eia   data   production   numbers   oil rises   
BING NEWS:
  • Oil adds to week's sharp loss as rollover of OPEC output cuts may meet resistance
    Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped with mounting speculation that OPEC's June meeting could expose cracks in ...
    05/3/2024 - 12:45 pm | View Link
  • Oil settles down on US jobs data, steepest weekly loss in 3 months
    Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors weighed weak U.S. jobs data and possible timing of a Federal Reserve interest rate cut.
    05/3/2024 - 8:34 am | View Link
  • UAE Quietly Boosts Oil Production Capacity Ahead of OPEC Meeting
    ADNOC increased its oil production capacity to 4.85 million bpd ahead of the next OPEC meeting. The country’s stated aim is to reach 5 million bpd capacity by 2027. OPEC’s current production cuts are ...
    05/2/2024 - 3:00 am | View Link
  • OPEC’s Oil Production Falls in April
    OPEC’s crude oil production fell in April, according to a new Reuters survey, with news of the fall likely to add support to falling oil prices.
    04/30/2024 - 6:30 am | View Link
  • Ceasefire talks drop oil more than $1
    US crude oil prices declined Monday on Middle East ceasefire talks in Cairo and ahead of the US central bank’s May 1 monetary policy review. Investors ... Friday despite data showing US ...
    04/29/2024 - 1:00 pm | View Link
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