Oil Down Again As Economic Concerns Outweigh Opec Cuts

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Trading,Stocks,Financial
Matej Kastelic/Shutterstock

Oil futures dropped Tuesday, falling a second consecutive session in the wake of Opec-plus’ decision to extend production cuts and an additional reduction by Saudi Arabia announced over the weekend.

Topic:
Oil Futures and Derivatives
Wanda Ad #2 (article footer)
#
Brent futures settled 67¢ higher at $93.96 per barrel, while US benchmark West Texas Intermediate finished up 71¢ at $90.39/bbl.
Tue, Sep 26, 2023
Global annual demand growth is now 2.2 million b/d, revised up 200,000 b/d thanks to China, and a strong summer.
Tue, Sep 26, 2023
ICE Brent crude oil prices trended flat on Monday, while the US benchmark slid lower just five days ahead of a possible government shutdown.
Mon, Sep 25, 2023