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https://www.barrons.com/articles/crude-oil-prices-opec-meeting-51656020184?mod=past_editions
Submission: On June 28 via api from CH — Scanned from DE
Submission: On June 28 via api from CH — Scanned from DE
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We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. CHROME SAFARI FIREFOX We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser.GoogleFirefox Search News & Quotes Barron's TopicsStock PicksLists & RankingsMagazineDataAdvisorPenta Subscribe Now |Sign In Barrons Oil Is Still Scarce. OPEC Likely Won’t Come to the Rescue. Next: Nike, Walgreens, FedEx, Constellation, and Other Stocks to Watch This Week * * * * Share This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/crude-oil-prices-opec-meeting-51656020184 * Oil * Commodities Corner OIL IS STILL SCARCE. OPEC LIKELY WON’T COME TO THE RESCUE. * * * * -------------------------------------------------------------------------------- By Myra P. Saefong Updated June 24, 2022 8:15 am ET / Original June 24, 2022 2:30 am ET * Order Reprints * Print Article MAJOR OIL PRODUCERS WILL MEET ON JUNE 30 TO DECIDE ON OUTPUT LEVELS. HERE: AN OPEC LOGO. Akos Stiller/Bloomberg Oil is among the biggest commodity gainers of the year as global supplies remain tight GAS PRICES ARE COMING DOWN, WITH OR WITHOUT BIDEN’S TAX HOLIDAY Prices are falling on their own and should drop even more. Besides a tax break wouldn't save drivers all that much anyway. Continue reading , but the potential for a recession threatens demand as major producers prepare to make another decision on output levels. U.S. benchmark West Texas Intermediate and global benchmark Brent crude futures trade more than 40% higher so far this year. The S&P GSCI Energy index boasts a better than 55% gain for the year. Subscribe or Sign In to continue reading -------------------------------------------------------------------------------- * News NIKE, WALGREENS, FEDEX, CONSTELLATION, AND OTHER STOCKS TO WATCH THIS WEEK * * * * -------------------------------------------------------------------------------- By Nicholas Jasinski Updated June 27, 2022 12:05 am ET / Original June 26, 2022 3:00 pm ET * Order Reprints * Print Article It will be an economic-data heavy week, but there are several notable companies reporting earnings as well. They will include Nike and Jefferies Financial Group on Monday, then General Mills and McCormick on Wednesday. On Thursday, Constellation Brands, Micron Technology and Walgreens Boots Alliance will report. Investor days will come from FedEx and Hewlett Packard Enterprise both on Tuesday. The economic-data calendar will be busy. On Monday, the Census Bureau will release the durable goods report for May, which will give insight into business investment and consumer spending. On Tuesday, the Conference Board will release its Consumer Confidence Index for June. Inflation remains top of mind for consumers. Subscribe or Sign In to continue reading -------------------------------------------------------------------------------- Close OIL IS STILL SCARCE. OPEC LIKELY WON’T COME TO THE RESCUE. Oil is among the biggest commodity gainers of the year as global supplies remain tight, but the potential for a recession threatens demand as major producers prepare to make another decision on output levels. From To Message SEND An error has occurred, please try again later. Thank you This article has been sent to Barron's TOPICS * Cryptocurrencies * Data * Magazine * Markets * Stock Picks * Market Brief Videos * Barron's Live * Roundtable * Barron's Stock Screen * Personal Finance * Streetwise * Advisor Directory MEMBERSHIPS * Subscribe to Barron's * Subscribe to Barron's Advisor TOOLS * Saved Articles * Watchlist * Newsletters * Video Center CUSTOMER SERVICE * Customer Center NETWORK * The Wall Street Journal * MarketWatch * Investors Business Daily * Penta * Mansion Global * Financial News London NEWSSTAND * Buy Issues * Reprints * E-Edition FOR BUSINESS * Corporate Subscriptions FOR EDUCATION * Barron's in Education FOR ADVERTISERS * Press & Media Inquiries * Advertising ACCOUNT * Sign In * Subscriber Benefits * Manage Notifications * Manage Alerts ABOUT BARRON'S * Live Events * Centennial Privacy Notice Cookie Notice Copyright Policy Accessibility Do Not Sell My Personal Information Data Policy Your Ad Choices Subscriber Agreement & Terms of Use Barron's Archive Copyright © 2022 Dow Jones & Company, Inc. All Rights Reserved. Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.