July 4, 2023: OPEC+ Extends Oil Production Cuts

Oil stabilizes as the market reacts to production cuts due to weak economic data. Oil prices remained stable on Tuesday as supply difficulties impacted markets due to planned reductions in August by Saudi Arabia and Russia, the largest crude oil suppliers, in the face of economic data suggesting weak oil demand. Brent crude futures rose

Read More »

April 27, 2023: Market Wrap Up

Oil rebounds after declining due to concerns over recession.  Oil prices rose on Thursday, offsetting losses suffered due to fears of a recession in the United States and an increase in Russian oil exports, reducing the impact of OPEC production cuts. Brent crude traded at $78.04 a barrel, up 35 cents or 0.45%. West Texas

Read More »