Monday, January 13, 2025
Oil prices edge higher ahead of OPEC+ meeting to discuss supply cuts- oil and gas 360

Oil prices edge higher ahead of OPEC+ meeting to discuss supply cuts

CNBC Oil prices edged up on Tuesday as expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday outweighed concerns about the global economy.   Brent crude futures rose $1.80, or 2.03%, to $90.67 per barrel after gaining more than 4% in the previous session. U.S. crude futures rose by $1.66, or 1.98%, to $85.25

U.S. natural gas futures hold near 12 week low on record output- oil and gas 360

U.S. natural gas futures hold near 12 week low on record output

BOE Report U.S. natural gas futures held near a 12-week low on Tuesday on record output and forecasts for lower demand next week than previously expected.     Ongoing power outages from Hurricane Ian at 391,000 homes and businesses in Florida after the storm hit the state on Sept. 28-29 helped reduce the amount of gas generators burned to produce