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Brent Oil - Commodity Roundup: Oil up with focus on OPEC; Citi's Max Layton sees gold at $3K

28-05-2024 02:58

Oil prices rose on Tuesday after the U.S. Memorial Holiday buoyed by hopes of better demand as investors await a crucial OPEC meeting, while gold prices fell after finishing last week in the red.

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Oil steadies as OPEC+ restraint balances interest rate concerns

LONDON - Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2 meeting and hopes of strong U.S. summer fuel demand balanced concern about higher-for ...

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Oil steadies as geopolitical tensions rise before OPEC+ meeting

Global benchmark Brent held above $83 a barrel, while West Texas Intermediate edged toward $79. Egypt’s military confirmed that a border guard died at the Rafah crossing into Gaza on Monday, which ...

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Oil edges up on US fuel demand expectations ahead of OPEC+ meeting

Oil prices edged up in Asia on Tuesday, extending gains from the previous session, buoyed by expectations of strong fuel demand from the U.S. during the summer, and ahead of an output policy decision ...

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Oil surges ahead of inflation data after lacklustre week; brent crude at $82.88/bbl

The Brent crude contract rose by 76 cents to $82.88 per barrel by 1411 GMT, while the more active August contract increased by 80 cents to $82.64. U.S. West Texas Intermediate (WTI) crude futures ...

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