Crude oil futures are settling at $83.38. That is up $1.84 or 2.26% on the day. The gain is the largest one day gain since June 10 when the index rose 2.93% and driven by expectations of higher summer demand and concerns over potential supply shortages due to OPEC+ production cuts. Oil prices increased by 6% in June, supported by OPEC+ extending output cuts until 2025. Analysts foresee supply deficits in the third quarter as summer travel and increased air-conditioning usage reduce fuel reserves. Investors are awaiting comments from Federal Reserve Chair Jerome Powell, the central bank's policy meeting minutes on Wednesday, and U.S. nonfarm payroll data on Friday to gauge the direction for a
Hence then, the article about crude oil futures and settle at 83 38 was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Crude oil futures and settle at $83.38 )