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At Close: Jun 08, 2026
U.S. crude oil extends losses, fall below $73 per barrel on OPEC+ increasing supply
07:55am, Tuesday, 04'th Jun 2024
U.S. crude oil has erased most gains for the year and is now up just under 2% in 2024. In a surprise move, eight OPEC+ producers laid out a plan to phase out 2.2 million bpd in production cuts startin
Oil Prices Slump on OPEC+ Plan to Unwind Production Cuts
07:07am, Tuesday, 04'th Jun 2024
Oil futures declines extended Tuesday on concerns that the market will be oversupplied following OPEC+'s plan to return barrels to the market earlier than expected. Will Kennedy reports on Bloomberg T
Exxon, Chevron, Conoco Stocks Extend Declines Along With Oil Prices
06:56am, Tuesday, 04'th Jun 2024
The OPEC announcement over the weekend was widely seen as a plan to add back production from members' current coordinated cuts.
Oil prices extend slump triggered by OPEC+ move to phase out some production cuts
06:42am, Tuesday, 04'th Jun 2024
Oil futures fell Tuesday, extending a slide that took crude to its lowest close in four months in the previous session triggered in part by OPEC+'s decision to begin unwinding some production cuts lat
Why U.S. oil production isn't a huge threat to OPEC+ market share anymore
06:00am, Tuesday, 04'th Jun 2024
Assuming domestic oil production has reached its limit for now, the U.S. could pose less of a threat to OPEC+ market share moving forward.
Oil Holds Near Four-Month Low as OPEC+ Plan Spurs Supply Concern
12:46am, Tuesday, 04'th Jun 2024
OPEC+ set out a timetable for gradually unwinding some of its oil production cuts, sparking a debate about whether the market will be able to absorb those extra barrels. Bloomberg News' Ziad Daoud di
WTI Oil Sinks to Multi-Month Low Amid Concerns Over Voluntary OPEC+ Cuts
10:05pm, Monday, 03'rd Jun 2024
West Texas Intermediate (WTI), a proxy for U.S. oil prices, fell more than 3% to a near-four-month low on Monday as investors fretted over a complex Organization of the Petroleum Exporting Countries a
Oil prices extend losses on worries of supply rising later in 2024
08:34pm, Monday, 03'rd Jun 2024
Oil prices eased in early trade on Tuesday, extending their losses from the previous session when prices fell to their lowest in four months, as investors worried about supply ticking up later in the
Oil Weakness is Due to Concerns Over Future Demand
04:11pm, Monday, 03'rd Jun 2024
OPEC is a supply story and the weakness we are seeing is due to concerns over future demand, notes Carley Garner. She discusses crude oil market in focus.
Oil market is in 'show-me-the-barrels mode': Analyst
01:29pm, Monday, 03'rd Jun 2024
Oil prices (BZ=F, CL=F) are trading lower on Monday after OPEC+ announced an extension of production cuts into 2025. Bob McNally, founder & president of Rapidan Energy, joins Catalysts to discuss his
Will OPEC+ Output Cuts At All Boost Oil ETFs Ahead?
09:00am, Monday, 03'rd Jun 2024
In the latest meeting, OPEC+ agreed to extend production cuts of 3.66 million barrels per day (bpd) until the end of 2025, along with prolonging cuts of 2.2 million bpd until September 2024.
Oil prices little changed after OPEC+ extends output cuts
08:57am, Monday, 03'rd Jun 2024
OPEC+ extended 3.6 million barrels per day in production cuts through the end of 2025. OPEC+ members will phase out 2.2 million bpd in voluntary cuts over 12 months starting in October.
Oil prices choppy after OPEC+ plans to begin phasing out voluntary cuts in Q4
07:32am, Monday, 03'rd Jun 2024
Oil futures traded lower early Monday after swinging between gains and losses as traders assessed a decision by OPEC+ to extend cuts by the group into 2025 but to begin unwinding some additional, volu
Two energy expects discuss oil prices as OPEC+ extends production cuts again
07:19am, Monday, 03'rd Jun 2024
Amena Bakr, Senior Research Analyst at Energy Intelligence, and Helima Croft, Head of Global Commodity Strategy at RBC Capital Markets, discuss oil prices following the latest OPEC+ production decisio
Saudi Aramco Share Sale: Oil Giant Holds Roadshows to Drum Up Foreign Demand
06:46am, Monday, 03'rd Jun 2024
Saudi Aramco's top executives are set to hold a series of events in London and the US to drum up demand for the oil giant's $12 billion share sale, five years after it scrapped an international roadsh
