Oil prices fell after OPEC+ decision to increase production
Kyiv • UNN
Global oil prices declined after OPEC+ decided to boost output. WTI futures lost 0.4% to $68.36 per barrel.
World oil prices fell at the start of trading after OPEC+ countries agreed to another production increase, while supplies through the Strait of Hormuz remained stable. Bloomberg reports, writes UNN.
Details
Futures for U.S. West Texas Intermediate (WTI) crude lost 0.4% and traded at $68.36 per barrel. Meanwhile, S&P 500 index futures rose 0.4%, and the dollar remained nearly unchanged against major world currencies.
Investors await new signals
According to Bloomberg, markets are entering the second half of the year with caution, assessing the consequences of the war between Iran and Israel, as well as the prospects for global economic growth and the development of artificial intelligence technologies.
This week, investors will also monitor U.S. Treasury bond auctions and the minutes of the Federal Reserve's June meeting, which could provide new signals regarding further monetary policy.
OPEC+ to approve another increase in oil production 05.07.26, 19:37 • 3276 views