Express News | Goldman Sachs expects OPEC+ to reduce supply over a longer period of time

Breakings10:21

[Crude oil market closing] The decline in US crude oil inventories far exceeded expectations for the rise in oil prices

Oil prices rose slightly on Wednesday (May 8), after US oil storage data showed that crude oil inventories declined more than expected as refineries increased production before the summer driving season arrived.

FX16804:32

WTI crude oil once fell below 77! KITU Macro: Some geo-risk premiums have been lifted

Economists at KITU Macro said that part of the risk premium for the Iran-Israel conflict has now been lifted, and OPEC+ may gradually eliminate production cuts starting in July.

Golden10 DataMay 8 20:32

The US restarts the reserve replenishment program, and is Biden ready to deal with soaring oil prices at any time?

Biden restarts the SPR supplement plan when oil prices fall. If oil prices rise before the election, Biden may release SPR again.

Golden10 DataMay 8 08:10

Could OPEC+ “open the door” to increase production? Russia's words make the oil market uneasy!

Russian Deputy Prime Minister Novak said that the possibility of increasing oil production under the OPEC+ agreement is being analyzed.

Golden10 DataMay 7 22:53

Israel persists in its actions! How will “Operation Rafah” affect oil prices?

Analysts say everything depends on how the Houthis and other countries react to the Rafah incident.

Golden10 DataMay 7 14:32