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Oil Prices Slide As OPEC+ Postpones Output Meeting, Delays Decision On Supply Adjustments
Wednesday, November 22, 2023 - 2:02pm | 398Oil prices fell on Wednesday, as OPEC+ producers decided to delay their 187th meeting on output. Crude, Brent, USO Down No reason was cited for the schedule shift. Originally planned for the coming weekend (Nov. 25, 26), the gathering will instead be held on Thursday, Nov. 30. Crude oil futures...
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Oil Falls For Second Day In A Row As Demand Concerns Outweigh Fears Of Supply Constraints
Thursday, July 21, 2022 - 1:44am | 315Oil traded lower for the second day in a row as concerns over demand overshadowed fears of supply constraints after U.S. government data indicated a sluggish demand during the peak summer season. At the same time, the world’s biggest crude producer Saudi Arabia has revealed its oil output is...
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Oil Prices Continue Sharp Decline, Brent Drops To The Lowest Level Since 1999
Wednesday, April 22, 2020 - 4:13am | 326Oil benchmarks continued to drop early Wednesday following the prices turning negative for the first time in history on Monday. What Happened U.S. benchmark West Texas Intermediate crude futures for June traded 4.2% lower at $11.09 at press time, dropping further from Tuesday's declines....
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Calendar Could Be Good News For These Commodities ETFs
Tuesday, June 21, 2016 - 9:31am | 553Commodities are on the mend. That much is confirmed by the year-to-date performance of the PowerShares DB Com Indx Trckng Fund(ETF) (NYSE: DBC) and other diversified exchange-traded products. DBC is up 15.3 percent this year. Mending Commodities Some individual commodities, namely energy and...