Crude Oil May 23 (CLK23.NYM)
| Pre. Settlement | N/A |
| Settlement date | 2023-04-20 |
| Open | 75.22 |
| Bid | 71.10 |
| Last price | 75.34 |
| Day's range | 73.66 - 76.14 |
| Volume | |
| Ask | 84.00 |
- Oilprice.com
Exxon May Emerge As The Biggest Winner In Guyana’s Oil Boom
Guyana’s oil boom is continuing to pick up speed, and Exxon is emerging as one of the biggest winners in this new crude oil hotspot
- Financial Times
Opec+ plans substantial oil production cut to prop up prices
The Opec+ oil alliance is planning a substantial cut in production to prop up falling prices, according to people close to the discussions, as the group prepares to meet in person for the first time since March 2020. The oil group, which is led by Saudi Arabia and Russia, is expected to discuss a production cut that could total more than 1mn barrels a day at the meeting on Wednesday. The move threatens to boost oil prices at a time much of the world is fighting to bring energy costs down and could create a potential rupture with the US, where President Joe Biden has been trying to lower fuel prices for motorists ahead of crucial midterm elections next month.
- Investing.com
Energy & Precious Metals - Weekly Review and Outlook
A litany of Federal Reserve speakers did all they could last week to talk up the Fed’s mission of using super-sized rate hikes to bust inflation - and in the process sent the Dollar Index to a new 2022 peak of 114.75 on Wednesday before the BoE’s intervention to prop up the battered pound. “A recession will not stop the Fed from hiking rates,” Cleveland Fed President Loretta Mester said. U.S. inflation remains “very high” and could continue to shock as the Fed works on subduing the worst price pressures in four decades for Americans, Vice Chair Lael Brainard declared Friday.
