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business / markets7 months ago

https://www.businessinsider.com/gas-prices-oil-crude-plunges-driving-summer-opec-gasbuddy-2025-5https://www.cnbc.com/2025/05/04/stock-market-today-live-updates.htmlhttps://www.nytimes.com/2025/05/04/business/energy-environment/oil-prices.html
Businessinsider.com and 10 more
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Highlights
  • OPEC+ raises output by 411,000 bpd, causing banks to cut 2025 oil price forecasts to $56-$66.
  • Saudi Arabia eases enforcement on overproducing members and plans to slow US shale growth.
  • Surging supply and global recession fears risk causing a market oversupply of up to 1.1 million bpd.
Vote 22
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References

Oil prices have crashed to 4-year lows. That means cheaper gas for Americans hitting the roads this summer.

https://www.businessinsider.com/gas-prices-oil-crude-plunges-driving-summer-opec-gasbuddy-2025-5Businessinsider.com
Oil prices have crashed to 4-year lows. That means cheaper gas for Americans hitting the roads this summer.

Stock futures inch lower after S&P 500 notches best winning streak in 20 years: Live updates

https://www.cnbc.com/2025/05/04/stock-market-today-live-updates.htmlCnbc.com
Stock futures inch lower after S&P 500 notches best winning streak in 20 years: Live updates

Oil Prices Slide Further on Plans to Increase Supply

https://www.nytimes.com/2025/05/04/business/energy-environment/oil-prices.htmlNytimes.com
Oil Prices Slide Further on Plans to Increase Supply

Stocks may snap longest winning streak in 20 years as futures dip while OPEC+ crushes oil prices

https://fortune.com/2025/05/04/stock-market-today-dow-futures-sp500-win-streak-oil-prices-opec/Fortune.com
Stocks may snap longest winning streak in 20 years as futures dip while OPEC+ crushes oil prices

SPX: S&P 500 Futures Steady After Big Milestone — Longest Winning Streak in 20 Years

https://www.tradingview.com/news/tradingview:d1f50234c094b:0-spx-s-p-500-futures-steady-after-big-milestone-longest-winning-streak-in-20-years/Tradingview.com
SPX: S&P 500 Futures Steady After Big Milestone — Longest Winning Streak in 20 Years

Oil prices drop $2 with most Asian markets closed for holidays

https://abcnews.go.com/Business/wireStory/oil-prices-drop-2-asian-markets-closed-holidays-121459204Abcnews.go.com
Oil prices drop $2 with most Asian markets closed for holidays

Stock market today: Dow, S&P 500 snap historic run of gains as tariff risks return, Fed decision looms

https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-snap-historic-run-of-gains-as-tariff-risks-return-fed-decision-looms-200033556.htmlFinance.yahoo.com

Trump’s movie tariff threat puzzles Europe

https://www.politico.eu/article/donald-trump-movie-tariff-threat-puzzles-europe/Politico.eu
Trump’s movie tariff threat puzzles Europe

Saudi Arabia Deals a Blow to Russian Economy

https://www.newsweek.com/russia-oil-opec-exports-saudi-arabia-2068367Newsweek.com
Saudi Arabia Deals a Blow to Russian Economy

Banks Slash Oil Price Forecasts as OPEC Resumes Fight for Market Share | OilPrice.com

https://oilprice.com/Energy/Energy-General/Banks-Slash-Oil-Price-Forecasts-as-OPEC-Resumes-Fight-for-Market-Share.htmlOilprice.com
Banks Slash Oil Price Forecasts as OPEC Resumes Fight for Market Share | OilPrice.com

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