Straits Times Index
3,323.20 -6.89 (-0.21%) S&P 500
5,272.72 -33.32 (-0.63%) Dow
38,487.03 -365.83 (-0.94%) Nasdaq
16,943.63 -76.25 (-0.45%) Bitcoin USD
67,692.20 -80.80 (-0.12%) CMC Crypto 200
1,457.42 -27.27 (-1.84%)
Brent Crude Oil Last Day Financ (BZ=F)
- Yahoo Finance Video
US gas prices may drop to $3 or less by November: Analyst
Oil prices are set for a weekly loss amid lingering concerns surrounding future fuel demand. OPIS Global Head of Energy Analysis Tom Kloza joins Catalysts to discuss the next OPEC+ gathering and macro trends in the energy industry. Kloza notes that the consensus view of the June OPEC+ meeting is that the organization will roll over production cuts through another quarter or the end of the year. He adds that OPEC+ must take this action because the oil market has become "sloppy," with too much oil supply impacting gasoline demand. Gas prices have dropped by as much as a dollar per gallon in the last 40 days, but retailers haven't necessarily passed those savings along, Kloza adds. Oil and gas prices may also surge by August, given greater hurricane threats in the Gulf of Mexico. However, in the last quarter of the year, Kloza projects that gas prices may drop to $3 or less per gallon in most parts of the US. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This article was written by Gabriel Roy
- Yahoo Finance
Gas prices dip heading into Memorial Day weekend
Two analysts told Yahoo Finance they expect gas prices to continue to decline over the weekend.
- Yahoo Finance Video
Metals, oil, and ethereum price: Commodities Check
While commodities extend price rallies in recent weeks, Yahoo Finance Senior Markets Reporter Jared Blikre monitors the action seen in key commodities futures — including precious metals silver (SI=F) and copper (HG=F) and crude oil (CL=F, BZ=F) — as well as cryptocurrencies bitcoin (BTC-USD) and ethereum (ETH-USD). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
