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1. www.cbc.ca › news › canadaOil prices continue slide as OPEC+ boosts supply despite ...

   www.cbc.ca › news › canada

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   Jun 4, 2024 · Oil prices continued their slide on Tuesday on skepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness....

2. www.theglobeandmail.com › business › industry-newsOil prices drop as OPEC+ decision spotlights shaky demand

   www.theglobeandmail.com › business › industry-news

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   Jun 4, 2024 · Oil prices fell more than $1 a barrel on Tuesday on skepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.

3. www.businessinsider.com › oil-supply-outlookOil Outlook: Market Risks Supply Shortage As Peak Demand Is ...

   www.businessinsider.com › oil-supply-outlook

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   4 days ago · Oil prices have climbed higher over the past month as markets weigh the supply and demand outlook. Brent crude has surged 8% from its low in early June, trading around $84.51 a barrel on Monday ...

4. www.theglobeandmail.com › investing › investmentOil is the commodity in focus right now - The Globe and Mail

   www.theglobeandmail.com › investing › investment

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   Jun 10, 2024 · Closer to home, Western Canadian Select (WCS) has dropped from a high of US$72.99 in early April and now sits at about US$62. What is behind this price drop and what is the outlook for the...

5. www.reuters.com › business › energyOil drops as OPEC+ boosts supply even though demand is shaky

   www.reuters.com › business › energy

   Jun 4, 2024 · Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.

6. www.theglobeandmail.com › business › industry-newsOil rises 1% as Fed rate cut optimism offsets demand fears

   www.theglobeandmail.com › business › industry-news

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   Jun 5, 2024 · Oil prices climbed 1% on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S. Federal Reserve in September outweighed demand concern after data showed builds...

7. People also ask

   Why did oil prices fall more than $1?

   • LONDON, June 4 (Reuters) - Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness. Extending losses from a four-month low in the previous session, Brent crude futures were down $1.11, or 1.4%, at $77.25 a barrel by 1336 GMT.

   Oil drops as OPEC+ boosts supply even though demand is shaky

   www.reuters.com/business/energy/oil-prices-extend-losses-worries-supply-rising-later-2024-2024-06-04/

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   Why have oil prices climbed higher over the past month?

   • Oil prices have climbed higher over the past month as markets weigh the supply and demand outlook. Brent crude has surged 8% from its low in early June, trading around $84.51 a barrel on Monday.

   The oil market is at risk of a supply shortage as peak demand is still 10 y…

   www.businessinsider.com/oil-supply-outlook-shortage-crude-demand-production-opec-prices-brent-2024-6

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   What if oil prices drop?

   • “If we do see a significant drop in oil prices, then you will have to question the soundness of global economy,” Flynn said. “Then it will look like the Federal Reserve has done too much.” On top of this, supply is rising from non-OPEC producers such as the U.S.

   Oil prices drop as OPEC+ decision spotlights shaky demand

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-fall-on-concerns-of-supply-rising-later-in-2024/

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   Will 'bad news is bad news' lead to lower oil prices?

   • On top of this, supply is rising from non-OPEC producers such as the U.S. "With the 'bad news is bad news' mantra in place, further evidence of economic weakness may lead oil prices lower," IG market strategist Yeap Jun Rong said in an email. The U.S. government will release inventory and product supplied data on Wednesday.

   Oil drops as OPEC+ boosts supply even though demand is shaky

   www.reuters.com/business/energy/oil-prices-extend-losses-worries-supply-rising-later-2024-2024-06-04/

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   Why did oil prices hover near four-month lows on Wednesday?

   • Oil prices hovered near four-month lows on Wednesday on an expected supply boost later in the year when OPEC+ begins to unwind some output cuts, with markets also digesting U.S. jobs data and higher oil stocks.

   Oil prices near four-month lows on OPEC+ supply outlook, U.S. stocks

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-near-four-month-lows-on-opec-supply-outlook-us-stocks/

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   Can the global oil market run into a supply shortage?

   • By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. The global oil market could run into a supply shortage as peak demand is still a decade away, according to Goldman Sachs analysts.

   The oil market is at risk of a supply shortage as peak demand is still 10 y…

   www.businessinsider.com/oil-supply-outlook-shortage-crude-demand-production-opec-prices-brent-2024-6

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8. oilprice.com › Energy › Oil-PricesOil Prices Shed Over 3% As Market Digests OPEC+ Move

   oilprice.com › Energy › Oil-Prices

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   Jun 3, 2024 · Brent crude was trading down well over 3% on Monday, marking the first time the global benchmark has been below $80 since February, with the U.S. crude benchmark down over 3.5% following the OPEC+...