Oil prices nudge higher ahead of OPEC+ meeting
Oil prices inched down amid mixed market signals on Tuesday, with traders awaiting the outcome of an OPEC+ meeting this week.
U.S. oil prices log modest gains on upbeat China data, ahead of OPEC+ meeting
Oil futures rose on Monday, bouncing after losing ground in a choppy November in response to a cease-fire between Israel and Iran-backed Hezbollah.
Oil Prices Rise on Demand Optimism
Oil prices have risen due to stronger-than-expected Chinese factory activity and ongoing geopolitical tensions in the Middle East, while OPEC+ is expected to maintain production cuts.
OPEC Could Extend Production Cuts To Support Oil Prices
Oil prices have been under pressure from high interest rates, a strong dollar, and high U.S. oil production. OPEC could extend oil production cuts to support prices.
Oil prices end mixed as attention turns to OPEC+ decision on crude production
U.S. and global benchmark crude prices settled mixed after a cease-fire between Israel and Iran-backed Hezbollah eliminated much of the remaining risk premium around a wider Middle Eastern conflict.
Oil rises on fears about Lebanon, further OPEC+ supply cuts
Oil prices rose more than 2% on Tuesday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week.
Oil Rises as Investors Await OPEC Meeting
Oil rose in early Asian trade. Markets were in a “wait-and-watch mode” ahead of the OPEC+ meeting this week, ANZ Research said.
Oil Rises on Chinese Data, OPEC+ Expectations
Oil prices rose in early European trade, supported by Chinese factory activity growth and expectations that OPEC+ will further delay its planned output hike at a meeting this week.
Oil prices rise ahead of OPEC+ meeting
Oil prices rose more than 1.5% on Tuesday as investors await an OPEC+ meeting expected to rubber stamp continued output cuts while a fragile ceasefire between Israel and Lebanon provided additional support.
OPEC+ Meeting In Focus: Will Oil Production Cuts Continue Through March 2025?
Oil prices are currently stable, but OPEC+ is likely to extend oil output cuts into Q1 2025 due to weaker global demand. Click to read.
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