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Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, 'Bearish' OPEC+ Meeting

Crude oil prices declined for the fifth consecutive session on Tuesday, with West Texas Intermediate (WTI) light crude, tracked by the United States Oil Fund (NYSE:USO), closing at $73.32. This marks the lowest level since Feb. 7, 2024. The recent decline in oil prices is primarily due to increasing concerns about economic growth and an OPEC+ decision on supply that was less restrictive than anticipated. The U.S. has reported a series of weaker-than-expected economic data over the past week, rai ....

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Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, 'Bearish' OPEC+ Meeting - United States Oil Fund (ARCA:USO), SPDR Select Sector Fund - Energy Select Sector (ARCA:XLE)

Oil prices drop for 5th day due to economic growth concerns & OPEC+ supply decision. U.S. economic data raises fears of slowdown, affecting demand. ....

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Chevron Eyes Hess, Exxon Resists: Here

Chevron Eyes Hess, Exxon Resists: Here
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Weak U.S. gasoline demand could bolster case for OPEC+ to extend supply cuts

Crude oil futures fell for the day and the week, ahead of the OPEC+ weekend meeting where the group is widely expected to keep production cuts in place after Q2 ....

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S&P 500 marks a loss for holiday-shortened week, but finishes May with a win

S&P 500 falls 0.51% in the shortened week but closes May with its best monthly gain since February. Read more here. ....

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