Oil Prices React to Senate's Debt Ceiling Bill and OPEC+ Meeting.
TL;DR Summary
Oil prices rebounded after the US Senate passed a debt ceiling bill, ending fears of a US debt default. Brent crude moved closer to $75 per barrel and West Texas Intermediate was at $70.76 per barrel. Expectations of additional production cuts by OPEC+ at its next meeting also boosted oil prices. However, internal discord within the cartel may lead to uncertainty surrounding the outcome of the meeting.
- Oil Prices Jump After Senate Passes Debt Ceiling Bill OilPrice.com
- Oil gains 2% after US debt deal and jobs data, focus turns to OPEC+ Reuters
- Crude Oil Forecast: Uncertain action in the Oil markets DailyForex.com
- Oil Demand Outlook Remains Uncertain Ahead Of OPEC Meeting OilPrice.com
- Respite for oil market amid rate hike worries Arab News
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
85%
462 → 67 words
Want the full story? Read the original article
Read on OilPrice.com