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At Close: Jun 03, 2026

Dow Futures Inch Up as Oil Prices Jump

08:11am, Monday, 03'rd Apr 2023
Stock futures traded mixed Monday, while oil prices jumped on a surprise production cut.
At the recent CERAWeek conference in Houston, executives of U.S. oil companies warned that prices would probably move higher with the resurgence of the influence of the OPEC+ cartel over international

Oil stocks jump on Saudi oil production cut

07:21am, Monday, 03'rd Apr 2023
Oil stocks jumped premarket Monday after Saudi Arabia's Ministry of Energy led a surprise oil production cut across several OPEC+ nations. On Sunday the Ministry announced that the Kingdom will imple
Goldman Sachs predicts that the 1.16 million bpd OPEC+ and Saudi Arabia output cuts may push oil prices up to $100 per barrel mark.
Oil is surging after the OPEC+ announced a surprise production cut of more than 1 million barrels a day. Su Keenan reports on Bloomberg Television.
The oil cartel and its allies announced voluntary production cuts of around 1.15 million barrels a day, a move they said was to support market stability.
Higher oil prices would help fill Russian President Vladimir Putin's coffers as his country wages war on Ukraine and force Americans and others to pay even higher prices at the pump amid inflation fue
Energy markets were bracing for a volatile open late Sunday, after Saudi Arabia led a surprise oil production cut across several OPEC + nations that will remove more than one million barrels of oil a
Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production, with Riyadh saying it would cut output by 500,000 barrels per day, or bdp, from May until the end of
Oil futures finished higher on Friday, but U.S. prices logged a fifth straight month of declines, as well as a loss for the quarter. “It's been a difficult quarter for crude oil prices with expectat
Oil markets gain ground as traders stay focused on supply problems.
Crude oil markets have rallied during the trading week to dig back into the previous consolidation area.
The crude oil markets have rallied a bit during the trading session on Friday, as it looks like the 50-Day EMA is starting to show signs of technical resistance.
Benchmark oil prices are expected to continue rising this year, topping the $100 a barrel threshold, after clawing back much of the ground lost following the selloff sparked by fears over the bankin
The risks of a U.S. recession are clouding Wall Street's outlook for crude prices.
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