Oil Slips as OPEC+ Uncertainty Raises Concerns of Oversupply

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Oil Slips as OPEC+ Uncertainty Raises Concerns of Oversupply

Bloomberg2021-07-06

(Bloomberg) -- Oil in New York edged lower amid concerns that OPEC+’s failure to ratify an agreement may lead producers to lose the discipline they have maintained against rising demand. West Texas ...

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Comment（18）

Double_J
·2021-07-07
Thanks
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Kevin92
·2021-07-07
Like and comment
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1
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- hbtho:
  ok
  2021-07-07
  Reply
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BlueHi5
·2021-07-07
Slipped again ?
Reply
3
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- BlueHi5:
  Agreed
  2021-07-07
  Reply
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- JKKT:
  Yeah Oil is overpriced
  2021-07-07
  Reply
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- Kevin92:
  Like and comment
  2021-07-07
  Reply
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PQ77
·2021-07-07
like
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1
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丰人
·2021-07-07
Like
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2
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US_watchlist
·2021-07-07
Please comment and like. Tks
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5
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- 追尾必嫁:
  不错
  2021-07-07
  Reply
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- zzgundam:
  Ok
  2021-07-07
  Reply
  Report
LionKingAir
·2021-07-07
Good
Reply
2
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LionKingAir
·2021-07-07
Thanks
Reply
2
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OO_898
·2021-07-06
Like
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1
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shln3y
·2021-07-06
No
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Shishir
·2021-07-06
Like and comment
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Dennis1015
·2021-07-06
good
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1
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Joshuji
·2021-07-06
Like
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4
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Pink004
·2021-07-06
No.no.no
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- 螞蟻東尼:
  ?
  2021-07-11
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PC711
·2021-07-06
Oh no
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- Lsh12:
  oh no.
  2021-07-06
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- Tchua:
  Agree
  2021-07-06
  Reply
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KingKong88
·2021-07-06
Oh no, not again.[捂臉]
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5
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jaaaa
·2021-07-06
Nooo
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- Nana_seven:
  Ok
  2021-07-06
  Reply
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cheeseng08
·2021-07-06
Come on
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With the collapse of talks on Monday, the Organization of Petroleum Exporting Countries and its allies won’t boost output in August, unless an agreement can be salvaged. The lack of OPEC+ unity could invite new barrels to the market and spell beari","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"欧佩克+不确定性引发供应过剩担忧，油价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLmain":0.9},"content_text":"(Bloomberg) -- Oil in New York edged lower amid concerns that OPEC+’s failure to ratify an agreement may lead producers to lose the discipline they have maintained against rising demand.\nWest Texas Intermediate futures for August fell as much as 1.3% in New York. With the collapse of talks on Monday, the Organization of Petroleum Exporting Countries and its allies won’t boost output in August, unless an agreement can be salvaged. The lack of OPEC+ unity could invite new barrels to the market and spell bearish news for current prices, said Tom Finlon of Brownsville GTR LLC, a trading and logistics firm based in Houston.\n“I think if you have 23 oil-producing countries that are party to an agreement, and that agreement isn’t extended, and the price of crude is in the mid-70s, that’s an engraved invitation to overproduce,” said Finlon.\nOil prices have rallied this year, as vaccination rates and economic reopening around the world have spurred fuel consumption. The extent to which the rally continues depends largely on OPEC+ ability to reach an agreement to limit output.\nTuesday’s decline cames as most commodity and stock markets fell and the dollar edged higher.\nDiscussions among the alliance dissolved acrimoniously as the United Arab Emirates blocked a proposal led by Saudi Arabia and Russia. 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