Oil demand fears and rising U.S. stockpiles pressure crude futures. Unless OPEC+ holds output steady, the forecast points to further price weakness.
Eight OPEC+ countries will likely raise oil output on Sunday but probably add less oil from October than in recent months as global demand might be slowing with the end of the driving season, OPEC+ sources said on Saturday.
Supply is outstripping demand, and traders are betting on a fall. What's keeping prices up?
Clay Seigle, CSIS senior fellow for energy security, joins 'Power Lunch' to discuss if OPEC+ will raise production, why oil prices are holding on and much more.
The crude oil markets initially rose for the week but then gave back the gains to show signs of hesitation, and exhaustion. At this point in time, the markets are still dealing with oversupply.
Market Overview Crude oil futures slipped toward $63 per barrel, extending recent losses as energy markets grapple with both supply and demand headwinds. Traders remain focused on OPEC+ deliberations over potentially unwinding 1.65 million barrels per day of production cuts, equal to about 1.6% of global demand, a move that
Oil prices slid on Thursday, extending a decline of more than 2% in the previous trading session, as investors and traders look ahead to a weekend meeting of OPEC+ where producers are expected to consider another increase in output targets.
RBC's Helima Croft joins 'Fast Money' to talk what's ahead for the oil market as energy stocks plummet.
Oil drops nearly 2% as OPEC+ weighs October output hike. Traders eye 50- and 200-day SMAs for direction amid bearish crude oil outlook.
Petrobras Chief Executive Officer Magda Chambriard talks about the impact of President Donald Trump's tariffs on oil prices and production. She says the company can withstand pressure from tariffs because of demand for products in Asia.
Crude oil extended gains Tuesday, breaking swing highs and key averages. A wedge breakout adds bullish momentum, though $67–$69 remains the decisive resistance zone to watch.
Oil prices picked up on Tuesday amid questions over the stability of Russian oil supplies. Investors are also following the impact of U.S. pressure on key Russian oil consumer India.