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What You Need to Know Ahead of OPEC Meeting Wednesday as Oil Prices Surge
Global oil prices continued surging Tuesday amid a combination of supply and demand considerations that threaten to push Brent crude beyond $90 per barrel for the first time in six months. On the eve of the latest meeting Wednesday of the Organization of Petroleum Exporting Countries and other countries, known as OPEC+, Brent for May delivery rose as high as $89.06.1 The global benchmark hadn't risen that high since mid-October. Oil prices have increased about 15% so far this year, reflecting several market factors.2 Recently, those include continuing turmoil in the Middle East, Ukrainian drone strikes on Russian ... (full story)
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- Posted: Apr 3, 2024 12:50am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 338
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