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OPEC+ Deal Failure Sends Oil Prices Higher, Defies Historical Reactions
Tuesday, July 6, 2021 - 2:14pm | 705Diesel consumers looking at the results of this past weekend’s failure by the OPEC+ group to come to an agreement might be confused by the reaction. Historically, OPEC meetings that fail to reach agreement on production levels result in the price of oil falling, with traders anticipating that...
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Tuesday's Market Minute: US Stocks Slide As Crude Futures Rise
Tuesday, July 6, 2021 - 10:16am | 251Crude oil futures on the move higher is the primary focus for investors and traders as we begin the holiday-shortened week. WTI light sweet crude traded to six-year highs after OPEC was unable to agree to increase production, which is behind the recent run-up in energy markets. With Goldman calling...