Crude oil news live
Here are some recent crude oil news updates:
Live Updates:
- WTI Crude Oil Price: $63.45 per barrel (as of 10:30 AM EST)
- Brent Crude Oil Price: $66.45 per barrel (as of 10:30 AM EST)
- Crude Oil News: OPEC+ agrees to increase oil production by 400,000 barrels per day in July, according to sources. (Source: Bloomberg)
Recent News:
- OPEC+ to Increase Oil Production: OPEC+ has agreed to increase oil production by 400,000 barrels per day in July, according to sources. This decision comes as the global economy recovers from the COVID-19 pandemic and demand for oil increases. (Source: Bloomberg)
- US Crude Oil Inventories: The US Energy Information Administration (EIA) reported a decrease of 2.5 million barrels in US crude oil inventories for the week ending June 18. (Source: EIA)
- Iran's Oil Exports: Iran's oil exports have increased to 1.3 million barrels per day in June, according to sources. This is up from 1.1 million barrels per day in May. (Source: Bloomberg)
- Libya's Oil Production: Libya's oil production has increased to 1.2 million barrels per day, according to sources. This is up from 1.1 million barrels per day in May. (Source: Bloomberg)
Upcoming Events:
- OPEC Meeting: OPEC will hold its monthly meeting on July 1 to discuss oil production levels and prices. (Source: OPEC)
- US Federal Reserve Meeting: The US Federal Reserve will hold its monetary policy meeting on July 27-28 to discuss interest rates and economic growth. (Source: Federal Reserve)
Market Analysis:
- Crude Oil Price Forecast: Analysts at Goldman Sachs expect crude oil prices to rise to $70 per barrel by the end of 2021, driven by increasing demand and limited supply. (Source: Goldman Sachs)
- Crude Oil Market Outlook: The International Energy Agency (IEA) expects global oil demand to recover to pre-pandemic levels by 2022, driven by increasing economic growth and declining COVID-19 cases. (Source: IEA)
Please note that the prices and news updates are subject to change and may not reflect the current market situation. It's always a good idea to check with a reliable news source or financial institution for the most up-to-date information.