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OPEC Extends Its Oil Output Cuts by One Month
Oil jumps nearly 3% after OPEC+ delays output hike, US election in focus
Oil prices climbed nearly 3% on Monday on OPEC+'s decision for a month's delay in plans to increase output, while investors also focused on the U.S. presidential election.
Oil prices end at highest in a week after OPEC+ delays output hike by another month
Oil futures finished sharply higher Monday after OPEC+ said it would wait another month before beginning to unwind voluntary production cuts. Natural-gas prices also rallied as a potential hurricane looked to be heading into the Gulf of Mexico.
Crude Oil Futures Gain as OPEC+ Extends Output Cuts
Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (
OPEC+
) on Sunday extended their output cuts by one month. Saudi Arabia and other members of
OPEC+
said they agreed to keep voluntary production ...
5h
on MSN
OPEC+ production hike delay may signal oil price concerns, analysts say
OPEC+
had been due to increase monthly output by 180K bbl/day starting in December, but the mere one-month extension on its ...
Crude Oil Prices
12h
Why OPEC+ Delayed Its Planned Oil Production Increase
OPEC+ has delayed its planned production increase for a second time, citing market conditions and geopolitical uncertainties.
9h
Oil jumps 2% as OPEC+ delays adding supply to market
Oil futures jumped nearly 2% on Monday after OPEC+ announced it would delay unwinding production cuts by a month and traders ...
22h
on MSN
OPEC+ is ‘very realistic’ on oil demand, Dan Yergin says
Daniel Yergin of S&P Global discusses the OPEC+ output hike delay. Saturday Night Live’s Bowen Yang and Chappell Roan hold ...
Rigzone
12h
Will USA Election Outcome Affect OPEC+ Policy?
Rigzone talks to representatives of Hartree Partners, the Heritage Foundation, and the American Enterprise Institute.
5d
Crude Oil: Geopolitical Risks, OPEC+ Discord May Spark Potential Plunge Below $67
Crude oil traders brace for potential volatility amid geopolitical tensions and OPEC+ disagreements. Key support and ...
4d
Saudi Arabia may cut December oil prices for Asia, sources say
Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in December, tracking weakness in ...
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Oil
Saudi Arabia
Petroleum
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