Oil prices experienced a slight decline on Monday following OPEC+’s decision to raise its output targets starting in August. Concurrently, exports from major producers through the Strait of Hormuz are on the rise, which may contribute to an increase in global supplies. Brent crude futures decreased by 24 cents, or 0.33%, to $71.88 a barrel Read More
Oil prices remain stable. Apprehensions regarding supply outpacing demand are constraining upward price movements. Investors are closely monitoring the developments in the Ukraine peace negotiations. A peace agreement has the potential to lead to the lifting of sanctions imposed on Russian oil. U.S. oil production is projected to achieve a new record this year. Output Read More
