Oil prices softened in early trade on Friday, weighed on by conflicting messages from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting.
Benchmarks settled more than $2 per barrel lower on Thursday, after Russian Deputy Prime Minister AlexanderBoth prices however were still poised to post a second week of gains of slightly less than 1%.
"OPEC+ watchers always pay close attention to Russia-Saudi communication as a rising rift could bring back the risk that the 23-nation alliance could fall apart," Moya added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil steady as markets await clarity on OPEC's next policy moveOil prices were roughly unchanged in early trading on Friday, as markets awaited clarity on OPEC and its allies' next oil policy moves after conflicting messages made it hard to predict the outcome of the meeting next week.
Read more »
The West's Oil War Against Russia Is Starting to Lose MomentumRussia's oil revenues rebounded in March and April to reach the highest level since November last year, according to a new report, bolstering President Vladimir Putin's ability to finance the Kremlin's onslaught in Ukraine.
Read more »
Credibility of sanctions on Russia at risk if oil price cap doesn't dropThe credibility of Russian oil sanctions is at risk if the West doesn't lower its price cap, think tank says
Read more »
WTI Price Analysis: Faces stiff hurdles around $72.00 as OPEC output to remain steadyWest Texas Intermediate (WTI), futures on NYMEX, have faced tough barricades after a recovery attempt to near $72.00 in the early Asian session. The o
Read more »
Penn State will play Michigan State in football on Black Friday in DetroitThe prime-time matchup at Ford Field on NBC will come one day after the Lions and Packers play there.
Read more »
Penn State opens as favorite over Michigan State in Black Friday matchup at Ford FieldPenn State opens as a double-digit favorite over the Spartans several months away from their meeting in at Ford Field the day after Thanksgiving.
Read more »