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 21:04

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 20:28

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 4 03:35

OPEC+ revealed a detailed roadmap for "production cuts end", and Goldman Sachs said it would be bearish for oil prices!

Can oil prices stabilize after OPEC+ agrees to extend production cuts? At Sunday's OPEC+ ministerial meeting, it was reported that OPEC+ had reached a preliminary agreement to extend its production cuts policy until 2025, gradually phasing out voluntary additional cuts from the end of September.

wallstreetcnJun 3 16:48

Saudi Arabia plans to start resuming part of international oil supply in October in response to falling international oil prices

Oil prices extended their decline as outsiders worried about the outlook for demand and strong supply.

Zhitong FinanceJun 3 09:36

Big news from the oil market! OPEC+ agrees to extend collective production cuts until the end of 2025

Delegates at the meeting said that these restrictions are aimed at boosting prices and avoiding global oversupply.

cls.cnJun 3 07:38