output cuts

Oil prices little changed as markets look to OPEC+ meeting

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Oil prices little changed as markets look to OPEC+ meeting

Oil prices were in a holding pattern in early Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year. The Brent crude July contract inched up 11 cents to $82.23 a barrel by 0036 GMT. The … Read more

Oil rises; markets weigh Red Sea attacks, US rate cuts

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Oil rises; markets weigh Red Sea attacks, US rate cuts

Oil prices regained some ground in early Asian trade on Wednesday, as investors weighed concerns over output cuts by key producers and attacks on shipping in the Red Sea against dimmed expectations of U.S. rate cuts. Brent crude futures rose 12 cents, or 0.15%, to $82.46 a barrel by 0100 GMT, while U.S. West Texas … Read more