Oil prices heading for weekly drop with Opec+ set for further output increase

OPEC+ output hikes to weigh on oil market fundamentals

KUALA LUMPUR: Oil demand-supply dynamics are expected to remain subdued as the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) continue ramping up production. © New Straits Times Press (M) Bhd

Hedge Funds Jump Into Bullish Oil Bets on Tight Supply Signals

Hedge funds boosted bullish bets on crude the most since June amid tightness in US markets and geopolitical risks, just before signs that OPEC+ will consider another major output boost sank futures this week.

Oil prices heading for weekly drop with Opec+ set for further output increase

Group to meet on Sunday, having agreed to raise production by 547,000 barrels per day for September

Oil prices settle down more than 2% after weak US jobs report

Oil prices fell on Friday (Sep 5) as a weak US jobs report dimmed the outlook for energy demand, while swelling supplies may grow further after Opec and allied producers meet over the weekend.

Oil Prices Settle Down More Than 2% After weak US Jobs Report - Energy News, Top Headlines, Commentaries, Features & Events

Summary Crude down 2%, third consecutive session of losses US crude inventories rise by 2.4 million barrels OPEC+ to consider further output hike on Sunday, sources say HOUSTON, Sept 5 (Reuters) – Oil prices fell on Friday as a weak U.S. jobs report dimmed the outlook for energy demand, while swelling supplies may grow further ...