US Crude Oil Prices Return More Gains As Market Looks To Inventories, OPEC

May 30, 2024

Via: DailyFX

Crude Oil Prices were a little lower in Europe on Thursday, retracing some more of the gains made earlier in the week. Those gains were rooted in hopes that the Organization of Petroleum Exporting Countries and their allies will stick with current, voluntary production cuts at their policy meeting on Sunday. The impending start of the summer ‘driving season’ in the United States has also boosted hopes for increased gasoline demand.

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