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Oil futures in New York climbed past $67 a barrel ahead of an OPEC+ policy meeting. Traders expect rising demand to absorb a planned production increase from the group, as well as any additional crude from Iran.
Prices were on track for a second straight monthly gain.
Expectations that demand will absorb extra OPEC+ barrels support crude prices, and higher crude lifts the energy costs behind feed, fuel and freight.
worldoil.comMay 31, 2021Not 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.
