OPEC+ Meeting Looms as Oil Prices and Production Cuts Stir Markets
TL;DR Summary
U.S. crude oil experienced its worst month since November, dropping 6% in May, ahead of an OPEC+ meeting to review production levels. Global benchmark Brent also fell 7.1%. Despite weak gasoline demand and various global factors affecting oil demand, OPEC+ is expected to maintain current output cuts.
- U.S. crude oil posts worst month since November ahead of weekend OPEC+ meeting CNBC
- OPEC to Meet Amid Signs of Waning Influence on Oil Prices The New York Times
- Energy Shares Rise Ahead of OPEC Meet -- Energy Roundup MarketWatch
- OPEC+ working on complex production cut deal for 2024-2025, sources say Reuters
- Oil Slips in Risk-Off Mood as Attention Turns to OPEC+ Meeting Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
85%
320 → 47 words
Want the full story? Read the original article
Read on CNBC