|
U.S. crude stockpiles rose by 1 million barrels in the week to May 25, while global inventories are falling. Analysts’ expectations were a decrease of 525,000 barrels. WTI crude is $67.66; Brent is $77.26 this morning. 
0 Comments
Economists say that oil remains well supported. Lending support to prices is speculation that U.S. crude stock will drop by 1.8 million barrels. The API - American Petroleum Institute will report supply data this afternoon. WTI crude is $66.93; Brent is $75.92 this morning.  Source: Reuters.com - By: Alex Lawler - Image: Essam Al-Sudani Oil prices came under pressure last week after reports that OPEC and Russia are discussing plans to increase their production for the first time since 2016. WTI crude is $67.01; Brent is $75.77 this morning.  Source: MarketWatch.com - By: Myra P.Saefong & Barbara Kollmeyer - Image: Getty Images Though OPEC and Russia benefit from a higher oil price, their output cuts have allowed non-OPEC producers to ramp up production and gain market share. WTI crude is $69.48; Brent is $77.26 this morning.  Source: Reuters.com - By: Ron Bousso - Image: Sergei Karpukhin Talk regarding possible supply increases by OPEC in June has boxed in oil prices for the time being, making an $80 per bbl price a short-term challenge. WTI crude is $70.99; Brent is $78.90 this morning.  Source: Reuters.com - By: Amanda Cooper - Image: Essam Al-Sudani |
Hours: M - F 8:00 a.m. - 5:00 p.m. CentralTelephone: 844-952-7363Email: InvestorRelations@redhawkinvestmentgroup.com |
Quotes by TradingView
|
Redhawk Investment Group, LLC offers direct and alternative oil and gas investment opportunities that enable investors to participate in the potential cash flow and the unique tax benefits associated with oil and gas investments. There are significant risks associated with investing in oil and gas offerings. The information contained in this website is for informational purposes only and is not a solicitation to buy or sell any securities. Information on this site is not intended to be used as investment or tax advice. Consult your investment advisor or tax advisor concerning the current tax laws and effects on your personal tax situation.
Copyright 2019 - Redhawk Investment Group, LLC - Sitemap