Oil prices have plummeted! Did OPEC inadvertently help Biden out?

President Biden may have just received timely election assistance from a place he originally couldn't reach. At the ministerial meeting of OPEC+ on Sunday, the original production reduction policy was slightly relaxed, which may help to curb gasoline prices before the end of the year, thereby helping to ease the dissatisfaction of American voters with rising oil prices.

cls.cn21:45

OPEC+ dealt a heavy blow to the bullish market! Pessimism continues to ferment in the oil market.

Despite OPEC+'s claim to adjust production policies according to market conditions, analysts believe that the organization has already been struggling to maintain low production levels, and the fundamentals of the oil market may further deteriorate by 2025.

Golden10 DataJun 4 08:04

US stock market outlook | The three major futures indexes are slightly lower; "Stock, bond and foreign exchange triple kill"! India's stock market hit its biggest drop in four years.

Wells Fargo & Co: The election next year is expected to push the S&P 500 to a new high of 5700 points; Short sellers of US stocks are losing ground, and the 'big short' encounter a 'darkest moment'; China concept stocks are mixed in pre-market trading, with small gains in Alibaba and JD.com, and a drop of more than 4% in Ctrip.

Futu NewsJun 4 07:36

After the frenzy of csi commodity equity index, Wall Street continues to be bullish on resource stocks.

Wall Street is bullish on mining and energy stocks, believing that the generous shareholder returns and significant discounts relative to the market provide upward potential for these industry stocks.

wallstreetcnJun 4 07:28

US and Brent both fell 3%! OPEC's slight easing of production cuts policy suppressed international oil prices.

Crude oil futures fell below $74 per barrel for the first time since early February. Brent crude oil futures fell nearly 3.5%, to the lowest level in nearly four months. Oil & gas analyst Javier Blas said that while OPEC+ has delayed production cuts, it is actually paving the way for increased production.

cls.cnJun 3 14:35

South Africa Court Suspends Order Stopping Shell's Offshore Drilling

Seeking AlphaJun 3 10:19