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Shares to slip after Wall St fell following a new round of Trump tariff threats. Resmed beats in fourth quarter earnings.
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.
Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude oil production on Saturday, with analysts expecting the latest in a series of output hikes for August. The wider ...