As oil prices continue to fall, expectations of further OPEC production cuts and a major breakthrough in the US debt ceiling bill may limit the decline in oil prices
The OPEC+ meeting will remain in the spotlight later this weekend, as producers are expected to announce further production cuts to support energy prices
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Crude oil has fallen sharply in the past two trading days, and the Fed's expectation of raising interest rates in June has cooled, boosting the outlook for crude oil demand. Crude oil rose in the short term today.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.