NYSE:BNO

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$52.48
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At Close: Jun 04, 2026
WTI oil declined towards the $82 level as traders waited for additional catalysts.
Oil prices jumped to the highest level in months on Monday days after Saudi Arabia announced that it would extended production cuts for another month.
Chris Senyek, Wolfe Research chief investment strategist, joins 'Squawk on the Street' to discuss the potential pitfalls in the next six months, Senyek's main concerns with oil prices, and the impact

WTI Oil May Test Yearly Highs Soon

12:10pm, Monday, 07'th Aug 2023
The recent extension of production cuts from Saudi Arabia and Russia may push WTI oil towards the $85 level.
Both crude markets that I follow are trying to break out of a massive resistance barrier. The next few days could kick off another leg higher if momentum picks up.
Matt Smith, Lead Oil Analyst for the Americas at Kpler, discusses the road ahead for oil and gas prices.
Saudi Arabia and Russia last week announced an extension of their supply cuts in an attempt to tighten global crude oil supply.
“Oil inventories will continue to draw and prices are going to move higher, certainly in the second half of the year.” Neil Beveridge, senior oil analyst at Sanford C.
Oil prices extended gains on Monday to touch their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to keep supplies down for another month to tighten global markets
Top oil exporter Saudi Arabia has raised the prices for most of its crude to Asia in September after announcing an extension of its voluntary production cut for another month.
Saudi Arabia has extended its one million barrel-per-day production cuts into September, while Russia announce it will cut oil exports, sending oil prices higher. Lipow Oil Associates President Andrew
Production cuts from Saudi Arabia and Russia provide strong support to oil markets.
The crude oil markets have initially pulled back just a bit during the trading week but have turned around to show signs of life again as it looks like we are ready to break out.
The crude oil markets have rallied a bit during the trading session on Friday, as it looks like we are trying to break out of significant resistance.
A panel meeting of the top ministers of OPEC+ has kept oil output policy unchanged on Friday, two OPEC+ sources said.
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