Similar Stories to Oil Near 2019 Highs Amid Opec Cuts, U.s. Sanctions on Bing News

Oil prices were around 2019 highs on Wednesday, propped up by supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.

Topics:  opec   u.s    iran   venezuela   oil   highs   cuts   
BING NEWS:
  • OPEC+ Expected to Extend Supply Cuts
    OPEC+ will hold next month’s policy meeting online rather than in person, while several delegates said they expected the group to extend its current supply cuts into the second half of the year.
    05/24/2024 - 2:24 am | View Link
  • The Week in Oil: Federal Reserve Downplays Rate Cuts, Market Looks to OPEC+ Meeting
    MACRO: The latest U.S. Federal Reserve meeting minutes poured cold water on hopes for interest rate cuts, with officials concluding rates would be needed to kept steady for longer than previously ...
    05/23/2024 - 9:39 pm | View Link
  • Citi research still expects OPEC+ to hold output cuts through 3rd qtr
    Citi Research continues to expect that OPEC+ will hold its production cuts through the third quarter of this year, it said in a note on Wednesday.
    05/22/2024 - 8:52 am | View Link
  • Oil prices drift lower but remain stuck in narrow range as market struggles to find catalysts
    U.S. crude oil and global benchmark Brent have traded in a $3 range this month since selling off from April highs. "We've basically lost all the geopolitical risk premium that have been driving ...
    05/21/2024 - 1:39 am | View Link
  • Crude Oil News Today: Will Rate Cuts Lead to Increased Demand and Higher Prices?
    U.S. crude prices edged up after data indicated a stabilizing job market, which could lead the Federal Reserve to consider interest rate cuts by autumn ... This contrasts with OPEC’s forecast of a ...
    05/17/2024 - 1:00 pm | View Link
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