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Oil futures fell for a second straight session as a weak U.S. employment report added economic worries to concerns about U.S. tariffs curbing demand.
Shares to slip after Wall St fell amid latest Trump tariff threats. Resmed beats in fourth quarter earnings. Downer secures ...
WTI crude is trading below $65, reinforcing the bearish tone as fundamentals and technicals move in tandem. The price has slipped decisively below the 50-day Simple Moving Average (SMA) at $65.44. It ...
Oil futures fell for a third consecutive session with the market turning its focus to the deadline for U.S. tariffs to go into effect and the next OPEC+ meeting to decide on production levels for ...
West Texas Intermediate (WTI) Oil price extends its losses for the third successive session, trading around $65.50 during ...
Global oil markets are again showing the impact of emotions and misinterpretation. The so-called surprise production increase taken by eight (8) leading members of OPEC is, in principle, not ...
OPEC+ is accelerating its oil production increases, aiming to fully unwind its 2023 supply cuts by September, risking an oversupplied market and pressuring U.S. shale producers.
Oil prices have fallen as OPEC+ sees an increase in output [Getty/file photo] Oil prices slipped on Monday after OPEC+ surprised markets by hiking output more than expected in August, while ...
Oil futures shook off the initial negative reaction to OPEC+ further accelerating the return of production to settle higher.
A version of this article appears in print on July 6, 2025, Section A, Page 10 of the New York edition with the headline: OPEC Plus to Increase Its Oil Output in August.