Oil prices were broadly stable as the market is looking towards a meeting of OPEC and its allies as well as a Federal Reserve rate decision and U.S. government data on crude and fuel stockpiles on Wednesday.
Brent crude futures dipped 11 cents, or 0.1%, to $85.35 a barrel at 0949 GMT. West Texas Intermediate U.S. crude futures rose 8 cents, or 0.1%, to $78.95 a barrel.index , which supported oil prices as a weaker greenback makes the commodity cheaper for buyers holding other currencies, according to Stephen Brennock, analyst at PVM.
All eyes will be on a meeting of key ministers of the Organization of the Petroleum Exporting Countries and allies including Russia, known as OPEC+, where producers arein January, as Iraqi exports dropped and Nigeria's output did not recover, with the 10 OPEC members pumping 920,000 barrels per day below their targeted volumes under the OPEC+ agreement, a Reuters survey found.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
How the Fed and OPEC+ will influence oil prices this weekCrude oil prices will likely react to the upcoming rate decision from the U.S. Federal Reserve, decisions from OPEC+ and an agitated Russia.
Leer más »
USD/CAD stays depressed near 1.3300 as Oil price grinds higher, focus on OPEC+, FedUSD/CAD remains defensive around 1.3310 amid sluggish markets on early Wednesday, treading water after reversing from a one-week high the previous day
Leer más »
Oil steadies ahead of expected rate hikes, OPEC committee meetingOil futures are steadying after last week's declines, as investors await expected rate hikes by the Federal Reserve and other central banks
Leer más »
WTI eases from $79.50 as Oil traders brace for OPEC+ verdict amid sluggish marketsWTI crude oil seesaws near $79.30 after taking a U-turn from the intraday low surrounding $79.50 as traders await the key Joint Ministerial Monitoring
Leer más »
Putin on phone with Saudis ahead of OPEC+ committee meeting on WednesdayOil prices are lower after Russian President Vladamir Putin reportedly met with Saudi Crown Prince Mohammed bin Salman ahead of OPEC + meeting to discuss global oil market.
Leer más »
Stock market news today: Investors await Fed and mega-cap tech earningsUS stocks slide as investors turn focus to Fed meeting and brace for mega-cap tech earnings
Leer más »