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Oil Tumbles After OPEC+ Agrees on Another Large Supply Hike
Prices plunged after OPEC and its allies agreed to increase output again, despite weak prices and an uncertain demand outlook.
Natural Gas and Oil Forecast: Bullish Breakout for Gas, Oil Slips on OPEC+ Supply Boost
WTI crude sinks 3% as OPEC+ adds 411K bpd in June; natural gas climbs above $3.67, supported by technical breakout and rising demand sentiment.
Oil Futures Slip After OPEC+ Agrees to Increase Production
Oil futures slipped in the early Asian session after OPEC+ on Saturday agreed to increase output in June for a second consecutive month.
Oil prices sink as OPEC+ hikes output, U.S. stock futures dip ahead of Fed meeting
Oil prices sank Sunday while U.S. stock futures declined after the S&P 500 notched its longest winning streak in more than 20 years last week.
U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June
OPEC+ has agreed to surge production by 411,000 barrels per day in June. Oil prices in April posted the biggest monthly loss since 2021
OPEC+ to further speed up oil output hikes, three sources say
OPEC+ plans to further accelerate oil output hikes and possibly unwind 2.2 million barrel per day of voluntary cuts through October 2025 if members of the group don't improve compliance with their production quotas, three OPEC+ sources said.
Oil Prices Are Falling. Here's Where That Could Spell Trouble.
For countries that depend heavily on oil revenue, dropping prices are worrisome.
OPEC+ set to make another accelerated oil output hike for June, sources say
Eight OPEC+ countries meeting on Saturday will likely agree a further accelerated oil output hike for June, four sources with knowledge of the matter told Reuters, the latest step in a plan to unwind the group's most recent layer of output cuts.
Oil prices are down over last 6 months: what does it mean for gas prices?
Gas prices, though having risen slightly while oil prices continue to fall to prices not seen since 2021, could begin to dip downward despite the summer travel season.
Exxon Mobil earnings beat even as profit falls on oil price decline
Exxon Mobil reported first-quarter earnings Friday that beat Wall Street expectations. However, profits were down 6% hurt by weaker oil prices.
How the U.S. could leverage Saudi influence on oil to pressure Russia
Getting Saudi Arabia to produce more oil could be a means to pressure Russia to a ceasefire with Ukraine.
Worst-Performing ETFs of April
April saw a sharp stock market drop due to Trump's aggressive new tariffs, especially on China.
