Oil prices fell slightly on Monday, with West Texas Intermediate (WTI) trading at $64.20 and Brent Crude at $66.33. Ongoing geopolitical tensions and investor focus on OPEC+ output decisions contributed to this dip. Analysts from Morgan Stanley noted that the anticipated increases in OPEC+ production have not yet been reflected in actual output gains, particularly in Saudi Arabia. Investor sentiment remains cautious as discussions between the US and China regarding trade continue to unfold and influence the market.
This week investors are keeping a close eye on OPEC+ over their output decisions including the discussions between the US and China's trade decisions.
Morgan Stanley analysts that OPEC+ production increases are yet to be translated into output gains.
Collection
[
|
...
]