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Oil Prices Are Holding Steady. Why the OPEC+ Output Hike Isn’t a Problem.
The price of oil was stable on Monday despite a larger-than-expected increase in production by the Organization of the Petroleum Exporting Countries and its allies. Seasonal demand and doubts about the actual increase in output explain the muted reaction.
Doomsday scenarios about peaking demand or an Asian market implosion are driving current bearish oil views. While OPEC has ...
14hon MSN
OPEC+ jolted markets by announcing it would flood the market with more oil.
U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners ...
The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...
OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of ...
Crude prices remained "surprisingly stable" on Monday, even after the group of major oil producers known as OPEC+ announced over the weekend a higher-than-expected [production increase of 548,000]( ...
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