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Oil Prices

2 stories on Oil Prices, newest first.

4 hours ago2 min read6 sourcesBearish

OPEC+ Raises August Output Targets; Oil Prices Fall on Supply Concerns

OPEC+ approved a cumulative production increase of 940,000 barrels per day starting in August, part of an ongoing strategy to boost output. Oil prices fell on the news as markets absorbed the additional supply coming online, alongside recovering exports through the Strait of Hormuz from key producers.

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4 days ago2 min read6 sourcesBearish

Oil prices dip 1% as U.S.-Iran indirect negotiations progress

Oil prices fell about 1% as indirect talks between the U.S. and Iran advanced, signaling potential diplomatic progress on a longstanding point of friction. Lower oil prices typically reflect reduced geopolitical risk and potential supply concerns easing.

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OPEC+ Raises August Output Targets; Oil Prices Fall on Supply Concerns

Oil prices dip 1% as U.S.-Iran indirect negotiations progress

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