OPEC+ to increase oil production in November
A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to a small boost in oil production, citing a steady global economic outlook.
U.S. stock futures flat, while oil and bitcoin prices rise amid uncertainties
U.S. stock futures were little changed Sunday, after the S&P 500 and Dow Jones Industrial Average ended Friday at all-time highs.
Oil News: Supply Glut Forecast Builds as OPEC+ Unwinds Cuts Through Q4
OPEC's modest output hike adds to global crude oil surplus fears. Traders eye $55.74 as the next key level in the oil prices forecast.
OPEC and Allies Agree to Boost Oil Production
The Organization of the Petroleum Exporting Countries wants to regain market share lost to U.S. shale producers, Brazil and Guyana.
OPEC+ poised to raise oil output further, sources say
OPEC+ will increase oil output further from November when it meets on Sunday, sources close to the talks said, with Saudi Arabia pushing for a larger increase to regain market share and Russia suggesting a more modest rise.
Saudi Arabia Takes a Risk in Boosting Oil Production—and Gives Trump a Win
Crude prices have fallen this year as Riyadh has raised output, but risks abound for the oil-producing kingdom.
Oil News: Technical Breakdown Risk Grows with 50-Day MA Near Bearish Cross
Traders eye WTI's 61.8% Fibonacci support at $59.91. A break below could trigger heavy selling as oil demand wanes and surplus risks rise.
Oil rises 1% after fire at US refinery, set to snap four-session losing streak
Oil prices rose slightly on Friday after four straight sessions of declines but were on track for their steepest weekly decline since late June due to market expectations that the OPEC+ group could hike output further despite oversupply concerns.
Natural Gas and Oil Forecast: OPEC+ Output Risks and Bullish Gas Channel Tested
Oil faces steep weekly losses as OPEC+ weighs 500K bpd hike, while natural gas consolidates near $3.43 with buyers defending higher lows.
Oil News: Bearish Oil Outlook Deepens with Rising Inventories and Weak Demand
Bearish crude oil outlook builds as supply fears, technical breakdowns, and soft U.S. demand weigh heavily on futures prices.
AI Data Centers Need More Power: Could Oil Could Be the Answer?
Francisco Blanch, head of commodities and derivatives research at Bank of America, discusses the power demand from artificial intelligence data centers which have sent wholesale electricity prices to record highs. "Oil is about a third of the energy we consume.
Oil and Natural Gas Analysis as OPEC+, Economic Uncertainty, and US Dollar Shape Sentiment
WTI crude oil faces bearish pressure, natural gas builds bullish momentum, and the US Dollar Index stays range-bound with a downside bias.
