Oil Wobbles Near $66 as OPEC's Mixed Views Deepen Supply Dilemma
Oil traded below $66 a barrel as conflicting signals from OPEC members about whether their output curbs will be relaxed spurred speculation that an agreement will prove elusive at an upcoming group meeting.
BLOOMBERG NEWS, Heesu Lee
Futures were little changed in New York, after they flipped between gains and losses over the past four sessions. While Saudi Arabia and Russia have signaled they’re ready to boost output, Iraqi Oil Minister Jabbar al-Luaibi told Reuters that an increase won’t be on the table at the June 22 meeting in Vienna. The U.S. is said to have asked the group to raise supplies by about 1 million barrels a day, further raising the prospect of a contentious gathering.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Sweden's government approves contentious gas pipeline
For subscribers
.jpg&w=384&q=75){kind=logo}
