Oil And Gas Stock Roundup: Mixed News Sends Oil Stocks Lower

After two weeks of fairly steady gains, crude oil lost a step this week. After gaining 11% from May 9-May 23, Brent crude futures have fallen 4%, from over $54 to $52 at the close on May 26. The big driver this week has been relatively mixed news. OPEC announced it would continue its plan to cut output by 1.8 million barrels per day, keeping production at recent levels in an effort to stabilize prices.

Topics:  may 9-may   brent   may 26 the   u.s    images   oil   mixed news   crude   cut   production   week   
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