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At Close: Jun 05, 2026
US crude oil exports to gain tail winds from Saudi July output cut
02:14pm, Monday, 05'th Jun 2023
U.S. crude oil exports, already running close to a record level hit in March, should get a further boost next month from deep production cuts in Saudi Arabia, analysts said on Monday, noting that this
Crude rally fizzles after OPEC production cuts
02:14pm, Monday, 05'th Jun 2023
CNBC's Brian Sullivan joins 'The Exchange' to discuss Saudi Arabia announcing increased its voluntary production cuts, the impact OPEC's production change will have on crude oil prices, and the timeli
Kneejerk Oil Price Rise Fails To Cap 50-Day Moving Average Despite Saudi Action
02:12pm, Monday, 05'th Jun 2023
Saudi Arabia's unilateral crude production cut may have excited "permabulls" but oil benchmarks haven't even capped their 50-day moving average on demand concerns.
Saudi Arabia's planned oil cut could lead to ‘cracks' within OPEC+ — but not a spike in gasoline prices
01:55pm, Monday, 05'th Jun 2023
The outcome of a meeting this past weekend of major oil producers was somewhat surprising, but they may have expected to see a stronger climb in prices in the wake of Saudi Arabia's decision to volunt
Gold gains as USDX slips, crude oil rallies
01:03pm, Monday, 05'th Jun 2023
(Kitco News) - Gold prices are modestly up and silver a bit weaker in midday U.S. trading Monday.
Oil prices rise on fears of Saudi Arabia's biggest output cut in years
12:06pm, Monday, 05'th Jun 2023
Consultancy Rystad Energy said the additional Saudi cut is likely to deepen the market deficit to more than 3 million barrels per day in July, which could push prices higher in the coming weeks.
Oil Futures Gain as Saudi Arabia Signals More Output Cuts
12:05pm, Monday, 05'th Jun 2023
Oil futures rose after Saudi Arabia announced it would reduce crude output by an additional 1 million barrels per day beginning in July.
A Trust Problem Is Holding Down Oil Prices—and Stocks
12:01pm, Monday, 05'th Jun 2023
Few traders feel the confidence to get bullish on oil as a commodity, and stock investors don't fully trust the data. Estimates from OPEC and the U.S. are viewed skeptically for good reason.
Saudi Arabia oil production cuts could be a 'slow gathering storm' for supply: Vanda Insights
11:53am, Monday, 05'th Jun 2023
Saudi Arabia announced that it is cutting oil output by 1 million barrels per day starting in July. Vanda Insights Founder Vandana Hari discusses how this cut will impact oil prices moving forward.
OPEC Meeting: Is Saudi Arabia Trying to Squeeze the Oil Market?
11:41am, Monday, 05'th Jun 2023
In a surprising move, Saudi Arabia pledged to reduce its oil output by 1 million barrels per day for July at the June 4 OPEC meeting. This adjustment, which may continue monthly, places Saudi oil prod
Saudi Arabia needs more than higher oil prices to fund its grand plans
11:01am, Monday, 05'th Jun 2023
Riyadh knows that it cannot rely solely on a fluctuating oil market for income. Along with its efforts to raise oil prices, it is also trying to bring in investment from abroad.
Crude Oil Price Forecast – Crude Oil Markets Gap Higher
10:40am, Monday, 05'th Jun 2023
Crude oil markets gapped higher to kick off the week after OPEC extends production cuts, and doubles down on trying to push prices higher.
Kpler: Saudi Arabia will do whatever it takes to keep oil prices close to $80 a barrel
07:33am, Monday, 05'th Jun 2023
Viktor Katona, lead crude analyst at Kpler, discusses Saudi Arabia's move to cut an additional 1 million barrels per day from July, and whether it will matter in the long run amid weak global demand.
Crude Oil Prices Rise 2.5% After Saudi Arabia Says It's Cutting 1 Million Barrels A Day
05:40am, Monday, 05'th Jun 2023
The Saudi government's decision to cut production further is an effort to help shore up the flagging price of crude oil, which has struggled to breach $80 per barrel in the past month.
Oil prices spike after OPEC+ meeting and Saudi Arabia's pledged production cut
03:52am, Monday, 05'th Jun 2023
Oil prices spike after the OPEC+ meeting and Saudi Arabia's decision to cut production. CNBC's Dan Murphy reports from Vienna.
