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Oil, OPEC

Oil rises as strong demand outweighs larger-than-expected OPEC+ output hike

Oil rose more than 1% on Monday on signs of strong demand, shrugging off the impact of a higher-than-expected OPEC+ output hike for August as well as concerns about the potential impact of U.S. tariffs.

The Wall Street Journal on MSN · 7h

Oil Pares Losses as Market Shrugs off Larger OPEC+ Output Hike

Despite concerns over excess supply, oil prices overturned declines from earlier in Monday’s session, as downside risks appeared contained.

Oil prices expected to drop below $60 on increasing OPEC+ supply

Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the Petroleum Exporting Countries (OPEC) and its allies boost output.

5h

Russia’s Crude Production Stayed Below OPEC+ Target in June

Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.

18hon MSN

Oil prices fall as OPEC+ ramps up production; U.S. stock futures decline as tariffs to go into effect Aug. 1

U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners ...

19h

Ticker: OPEC+ to boost oil production; China bans EU medical devices

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...

2don MSN

Oil market watch: Saudi, Russia-led OPEC+ eyes fresh hike for August; focus to likely shift from price stability to market share

OPEC+ members, including Saudi Arabia and Russia, are expected to agree on a 411,000 barrels per day production increase for ...

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