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$119.25
-0.320 (-0.268%)
At Close: Jun 04, 2026
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.
Oil Price Forecast: Tighter Supply Expected as Saudi Arabia Slashes Output
12:56am, Monday, 05'th Jun 2023
Saudi Arabia's additional production cut of 1 million barrels per day aims to counteract macroeconomic challenges in the crude oil market.
White House focused on oil prices after OPEC+ move, official says
09:05pm, Sunday, 04'th Jun 2023
A White House official said on Sunday that the Biden administration is focused on oil prices and "not barrels" after Saudi Arabia planned to make a deep cut to its crude output.
