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Oil Prices React to Senate's Debt Ceiling Bill and OPEC+ Meeting.

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Source: OilPrice.com
Oil Prices React to Senate's Debt Ceiling Bill and OPEC+ Meeting.
Photo: OilPrice.com
TL;DR

Oil prices rebounded after the US Senate passed a debt ceiling bill, ending fears of a US debt default. Brent crude moved closer to $75 per barrel and West Texas Intermediate was at $70.76 per barrel. Expectations of additional production cuts by OPEC+ at its next meeting also boosted oil prices. However, internal discord within the cartel may lead to uncertainty surrounding the outcome of the meeting.

Topics:businessenergy#debt-ceiling-bill#energy#oil-prices#opec#production-cuts#us-senate
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  1. Oil Prices Jump After Senate Passes Debt Ceiling Bill  OilPrice.com
  2. Oil gains 2% after US debt deal and jobs data, focus turns to OPEC+  Reuters
  3. Crude Oil Forecast: Uncertain action in the Oil markets  DailyForex.com
  4. Oil Demand Outlook Remains Uncertain Ahead Of OPEC Meeting  OilPrice.com
  5. Respite for oil market amid rate hike worries  Arab News

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