Oil Heads for First Quarterly Loss Since 2020. OPEC Expected to Cut Output. | The Markets Café
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
Monday, July 7, 2025
No Result
View All Result
Subscribe
  • Login
The Markets Café
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
No Result
View All Result
The Markets Café
No Result
View All Result
  • News
  • Politics
  • Markets
  • Crypto
  • Economy
  • Finance
  • Forex
  • Investing
  • Tech
  • Videos
  • Community
Home Investing

Oil Heads for First Quarterly Loss Since 2020. OPEC Expected to Cut Output.

by Press Room
September 30, 2022
in Investing
101 4
A A
0
21
SHARES
700
VIEWS
FacebookTwitter

Crude oil prices are set for a quarterly loss for the first time in more than two years as global economic concerns outweigh the prospect of lower production. 

Brent crude,
the international benchmark, was down 1.0% at $86.30 in morning trading and down 21% over the last three months.
West Texas Intermediate,
the U.S. standard, was down 0.9% at $80.50, down 24% over a three-month period.  The last time the price of oil fell over a quarter was March 2020, although prices remain substantially elevated since their pandemic-driven lows.

The potential for output cuts from the Organization of Petroleum Exporting Countries and its allies at their upcoming October meeting could support oil prices. OPEC+ members have begun discussions about an output cut to be confirmed at their meeting on Oct. 5, Reuters reported on Thursday. Meanwhile, the U.S. government is set to end its Strategic Petroleum Reserve releases in October, raising the prospect it will begin buying back oil as prices drop to refill reserves.

Analysts at MKM Partners said in a note on Thursday that the market appears to be expecting a modest cut in production from OPEC+ and that the cartel and its allies are likely to defend a level of around $90 a barrel for Brent crude.

Write to adam.clark@dowjones.com

Read the full article here

Related Articles

Investing

Macy’s stock falls as it cuts guidance in the face of ‘external uncertainties’

March 6, 2025
Investing

Nvidia’s stock selloff deepens after Marvell earnings: ‘Boy, sentiment is rough.’

March 6, 2025
Investing

Hims & Hers Stock Is Due for a Crash Diet. The GLP-1 Surge Is Fading Fast.

March 6, 2025
Investing

Why ‘Gold Cards’ for Rich Immigrants Don’t Have to Take the Place of EB-5

March 6, 2025
Investing

This analyst says Tesla deliveries will miss expectations. Musk is an issue.

March 6, 2025
Investing

This Beaten-Down Industrial Stock Wants to Call America Home. Why It’s Time to Buy.

March 6, 2025

About Us

The Markets Café

The Markets Cafe is your one stope Finance, Politics and bussines news website, follow us to get the latest news and updates from around the world.

Sections

  • Commodities
  • Crypto Markets
  • Crypto News
  • DeFi
  • Economy
  • Explained
  • Finance
  • Forex
  • Futures
  • Investing
  • Markets
  • News
  • NFT
  • Politics
  • Real Estate
  • Stocks
  • Tech
  • Videos

Site Links

  • Contact
  • Advertise
  • DMCA
  • Submit Article
  • Forum
  • Site info
  • Newsletter

Newsletter

THE MOST IMPORTANT FINANCE NEWS AND EVENTS OF THE DAY

Subscribe to our mailing list to receives daily updates direct to your inbox!

  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

© 2022 The Markets Café - All rights reserved.

No Result
View All Result
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • Videos
  • Community
  • Charts

© 2022 The Markets Café - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.