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Oil prices fell on Friday and were set for a weekly loss as investors awaited the Sunday OPEC+ meeting. Brent for July delivery was down to $81.54 a barrel and WTI fell to $76.80.
Routine price moves ahead of the meeting show the market expects the cuts to be rolled over, so there is little new supply impact yet.
globalbankingandfinance.comJessica Weisman-PittsMay 31, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
