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SycoStock

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SycoStock

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Tuesday, 08/02/2022 2:20:01 PM

Tuesday, August 02, 2022 2:20:01 PM

Post# of 197518
$AGYP The price of Crude Oil is up on the day due to fear that OPEC+ producers might not be able to lead to a boost in the supply of crude! >>

Oil up 2% on supply worries ahead of OPEC+ meeting

Oil futures rose about 2% on Tuesday as traders worried that this week's meeting of OPEC+ producers may not lead to a further boost in crude supply.

The Organization of the Petroleum Exporting Countries and allies including Russia, known as OPEC+, meet on Wednesday. Two of eight sources said a modest output hike would be discussed. The rest said a boost was unlikely.

https://www.reuters.com/business/energy/oil-prices-slip-weak-manufacturing-data-stokes-recession-fears-2022-08-02/
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