NYSE:BNO

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$51.89
+0.690 (+1.35%)
At Close: Jun 08, 2026
Peter Boockvar, Bleakley Advisory Group CIO, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Monday.
Brent crude rose 1.8% to over $65 a barrel on Monday afternoon after OPEC+ confirmed it would maintain a gradual approach to increasing oil supply. The news also gave a lift to energy stocks, with sha
OPEC+ agreed to increase production by 411,000 barrels per day in July, the third consecutive month the group has boosted output at that rate.
RBC's Helima Croft discusses the decision by OPEC+ to hike production by a large amount for a third straight month, and whether the market can absorb all that additional oil.
Crude oil jumps 3% as OPEC+ holds July output steady. Futures break above 50-day MA, eyeing $64.40 with strong demand and tight inventory supporting gains.

Oil Prices Jump. It Isn't Just OPEC This Time.

05:44am, Monday, 02'nd Jun 2025
Crude benchmarks jumped by more than 3% after Ukraine destroyed more than 40 warplanes in Russia.
Oil advanced off the back of geopolitical tensions and as OPEC+ hiked production less than some had feared. OPEC+ agreed to surge oil output for the third month in a row, doubling down on a policy sh
Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day (mb/d) production increase in August, the bank said in a note dated Sunday.

Oil Rises Amid Geopolitical Tensions

08:40pm, Sunday, 01'st Jun 2025
Oil rose in the early Asian session amid geopolitical tensions.
Oil prices rebounded more than $1 a barrel in early Asian trade on Monday after OPEC+ decided to increase output in July by the same amount as it did in each of the prior two months, in line with mark
The largest group of oil-producing nations agreed over the weekend to sharply increase crude production for the third month in a row, a move intended to reassert control over the market by driving oil
Oil demand concerns and a stronger dollar weigh on crude futures as traders await the June 2 OPEC+ decision. WTI closes lower for a second straight week.
OPEC+ meets on Saturday to discuss an increase in oil output for July that may be larger than the 411,000 barrels per day (bpd) increases it made for May and June, sources familiar with OPEC+ talks to
Traders worry that OPEC+ may boost production by more than 411,000 bpd.
A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since 2021, with demand tough to gauge against a trade-war backdrop and some countries failing to
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