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At Close: Jun 05, 2026
SCO: With The OPEC Meeting Behind Us, Oil Prices Will Stay Supported
03:13pm, Tuesday, 04'th Jun 2024
This article analyzes the ProShares UltraShort Bloomberg Crude Oil ETF within the context of the recent OPEC meeting and its impact on oil prices. OPEC+ extended oil production cuts to support prices
US lawmakers ask Justice Department to probe allegations of collusion between OPEC, oil companies
02:22pm, Tuesday, 04'th Jun 2024
A group of Democratic U.S. Representatives asked the Justice Department in a letter on Tuesday to probe "potential antitrust conspiracies" among U.S. oil producers and the OPEC oil production group.
Why oil's recent drop is not a recession signal — and good news for stocks
02:11pm, Tuesday, 04'th Jun 2024
The recent decline in oil prices is not a sign that the U.S. economy is heading for a recession — with the downward trend instead considered positive for stocks, according to DataTrek Research.
Gold, silver see sharp losses amid crude oil downdraft
12:54pm, Tuesday, 04'th Jun 2024
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
Solid price pressure on gold, silver as crude oil slumping
08:18am, Tuesday, 04'th Jun 2024
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
OPEC oil output rises in May, led by Nigeria, Iraq, survey shows
07:59am, Tuesday, 04'th Jun 2024
OPEC oil output rose in May, a Reuters survey found on Tuesday, as higher exports from Nigeria and Iraq offset the impact of ongoing voluntary supply cuts by some members agreed with the wider OPEC+ a
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.
