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Asian Stocks Rise and Oil Prices Slip After Treasury Yields Ease

  • Oil prices fell on Thursday and Friday as OPEC+ discussed a possible production increase for July amid rising U.S. crude inventories.
  • The price decline came after the Energy Information Administration reported an unexpected increase in crude stocks, which grew by 1.3 million barrels to reach 443.2 million in the week ending May 16, despite expectations of a reduction.
  • OPEC+ is considering raising output by 411,000 barrels per day at their June 1 meeting, raising concerns that supply might exceed demand growth and pressure prices downward.
  • Harry Tchiliguirian of Onyx Capital noted that market behavior reflects indications that OPEC is shifting away from prioritizing price support and instead focusing on increasing its share of the market.
  • Market analysts anticipate that the rise in output will especially put downward pressure on U.S. West Texas Intermediate prices and may lead to an increase in U.S. shipments heading to both European and Asian markets.
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Asian stocks rise and oil prices slip after Treasury yields ease

Asian stocks have advanced as U.S. Treasury yields eased after a rocky week due to worries in the bond market over mounting U.S. government debt.

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observatorial.com broke the news in on Wednesday, May 21, 2025.
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