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Oil prices rise after big draw in US crude, gasoline stocks

Oil prices rise after big draw in US crude, gasoline stocks
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Three scenarios for OPEC+, and the likely ones are bearish for crude | Hellenic Shipping News Worldwide

Three scenarios for OPEC+, and the likely ones are bearish for crude Crude oil’s strength after OPEC+ canceled talks on increasing output may be short-lived with the ground realities on supply and demand different from what bullish paper investors are choosing to focus on. OPEC+ ministers called off their talks on Monday after being unable to reach a compromise with the United Arab Emirates (UAE), which had wanted the parameters of the agreement changed so it could pump more crude. FINA reviewing caps designed for natural Black hair, after banning use at Olympics No new date was set for the next meeting of OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia.

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