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Barchart
Barchart
Rich Asplund

HISTORICAL FACTS: Crude prices fall on speculation that opec will boost crude production - Caught on Camera

OPEC Oil United States Vortexa

June WTI crude oil (CLM25) today is down -0.90 (-1.52%), and June RBOB gasoline (RBM25) is down -0.0314 (-1.53%).

Crude oil and gasoline prices today are moderately lower after OPEC+ brought forward its meeting to discuss an increase in crude production, bolstering concerns about a global supply glut.  Losses in crude are limited by a weaker dollar and a rally in the S&P 500 to a 1-month high, which shows confidence in the economic outlook that supports energy demand.

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