Loading…
A Bloomberg survey of 23 traders and analysts found 17 expect OPEC+ to keep output unchanged at its June 3-4 meeting in Vienna. Saudi Arabia has also warned against speculators.
Expectations of steady output imply limited new supply tightening, so crude and energy-linked costs may hold near current levels.
bloomberg.comGrant Smith, Sharon ChoMay 24, 2023Not 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.
