Crude Oil May 25 (CLK25.NYM)
- Bloomberg
Oil Turns Lower as Market Fails to Shake Off Post OPEC+ Gloom
(Bloomberg) -- Oil fell — after failing to hold an early gain — amid sustained skepticism that the latest supply cuts by OPEC+ will turn the market’s tide.Most Read from BloombergBitcoin Hits $40,000 Level for the First Time Since May 2022How Suspects Laundered Billions in Singapore for YearsAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealHere’s How to Invest in Gold as It Hits an All-Time HighTreasuries Fall as Gold Pares Gain, Stocks Mixed: Markets WrapGlobal benchmark Brent sank toward
- Reuters
Marketmind: Gold makes the running as oil fails to fire
Oil failed to sustain an early rally that followed news of attacks on commercial shipping in the Red Sea. Notably, oil prices lost early gains and Brent eased around 57 cents to $78.31 a barrel amid doubts that OPEC+ would be able to maintain planned output cuts, particularly by some African countries. At the same time, U.S. oil output is at record levels above 13 million barrels a day and rig counts are still rising.
- Bloomberg
Venezuela Stirs Nationalism in Dispute With Guyana Over Oil
(Bloomberg) -- For decades, Venezuelan schoolchildren have been taught to draw a map of their country different from the one in use elsewhere: theirs includes a disputed region roughly the size of Florida which is controlled by neighboring Guyana. Most Read from BloombergBitcoin Hits $40,000 Level for the First Time Since May 2022How Suspects Laundered Billions in Singapore for YearsAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealHere’s How to Invest in Gold as It Hits an All-Time HighTrea
