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    U.S. release SPR, OPEC+ production increase plan unchanged, WTI down 7%

    The United States earlier announced the release of the largest strategic oil reserve in history. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) adhered to the original plan to increase production slightly in May. Crude oil prices both closed lower on Thursday, and...
  2. S

    BIG DAY FOR OIL

    OIL RISES AS INVESTORS AND TRADERS AWAIT THE OPEC MEETING UPDATES. Today the Energy and oil ministers from the 14-member OPEC will meet at OPEC's headquarters in Vienna. On Thursday WTI crude oil had gained 4.2% of its value after the API report revealed a greater than expected drawdown in...
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