TAG: opec+ announces surprise oil cuts

Oil relinquishes recent gains ahead of US inflation data; OPEC report due on May 11

Oil prices edged lower on May 9, relinquishing some of the strong gains of the previous two sessions amid cautious trading ahead of US inflation data for April, which will be key to the Federal Reserve's next interest rate decision. The Organization of t...

6 months ago

Oil market buzz: OPEC+ report due on May 11; will prices rise on clues of another output cut?

Ahead of the monthly oil report from the Organization of the Petroleum Exporting Countries (OPEC) which is due to be released on May 11, analysts claim that the oil market awaits clues on whether the group and its allies will need to cut output again to...

6 months ago