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Indebta > Investing > Oil prices settle at a nearly 4-week low as traders await outcome of OPEC+ meeting
Investing

Oil prices settle at a nearly 4-week low as traders await outcome of OPEC+ meeting

News Room
Last updated: 2023/05/31 at 8:02 PM
By News Room
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Oil futures settled Tuesday at their lowest in nearly four weeks, with U.S. prices ending below $70 a barrel, as traders waited on the outcome of a meeting of the Organization of the Petroleum Exporting Countries and its allies that is set for this coming weekend.

Contents
Price actionMarket drivers

Price action

Market drivers

Oil prices have fallen back since the start of 2023 as expectations for a slowdown in global economic growth have weighed on prices of energy commodities.

Production…

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News Room May 31, 2023 May 31, 2023
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