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Crude retreats over 1% as OPEC+ announces surprise output hike
Crude oil prices declined over 1% on Monday after OPEC+ unexpectedly announced a significant production increase of 548,000 barrels per day for August, stoking concerns of a ...
Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil
OPEC leader Saudi Arabia is aiming to regain market share amid US shale competition and slow Chinese demand. Oil prices could ...
OPEC set to complete unwinding of voluntary oil output cut in Sept, sources say
OPEC+ nations are poised to greenlight another significant oil output increase for September, finalizing the rollback of ...
Oil pares loss as tight market offsets OPEC+'s bigger hike
Oil pared losses on Monday as a tight physical oil market offset the impact of OPEC+ hiking oil output more than expected in ...
Global Markets Slip With Tariff Deadline in Focus
--The dollar traded steady ahead of Wednesday's deadline to complete trade negotiations. The DXY dollar index against a basket of major currencies recently traded unchanged at 97.166, having hit a ...