Open Demo Account
Home / Market Update / Commodities / Oil Falls After OPEC + Extends Supply Talks
Oil and Gas oil (
Oil and Gas

Oil Falls After OPEC + Extends Supply Talks

Adel 2 July, 2021 1:30 pm Commodities, Market Update

Oil prices fell on Friday, July 2 after OPEC + ministers postponed their meeting on production policy, while sources said that the UAE had blocked plans to return two million barrels per day to the market in the second half of the year.

Brent crude futures were down 20 cents at $75.64 a barrel, after rising 1.6% on Thursday.

US West Texas Intermediate crude futures fell 15 cents to $75.08, after jumping 2.4% on Thursday to close at their highest level since October 2018.

Tags

Check Also

Britain’s Economy Rebounds in Q1, But Long-Term Growth Woes Cloud Election Outlook

Key Points: Stronger Rebound: Britain’s GDP grew by 0.7% in Q1 2024, exceeding initial estimates, …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends