# OPEC+ meeting, US-Iran talks, demand recovery to decide crude oil prices

> A market preview says oil futures have traded in a tight range for three months. Traders are weighing OPEC+ output plans, the possible return of Iranian oil under revived nuclear talks, and COVID-19 concerns in emerging markets. NYMEX prices could move within a range around $57 to $68 a barrel.

- Date: 2021-05-31 · published 2021-05-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/47244-opec-meeting-us-iran-talks-demand-recovery-to-decide-crude-oil-prices
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Pending OPEC+ supply decisions and possible Iranian barrels are the swing factors for crude prices, which affect energy and freight costs for feed buyers.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/commodities/opec-meeting-us-iran-talks-demand-recovery-to-decide-crude-oil-prices-6961881.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.