Despite recent fluctuations, oil prices remain stable as market attention shifts towards the upcoming OPEC+ meeting.

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NEW DELHI :Oil prices steadied in Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year.

The Brent crude July contract was up 18 cents to $82.30 a barrel as of 0409 GMT.

The upcoming meeting of the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, was pushed back by a day and will be held online, OPEC said on Friday.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Cents Barrels Cuts Week Year Output Opec+ Million Cent Expected Demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-27 @ 08:49:37 (1 months ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 589 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21100941

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 46 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 37 minutes ago

Coverage Areas: Singapore

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Publisher ID: #27

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