Oil Markets Focus on OPEC+ as Geopolitical Catalysts Cool

Oil markets will be fully focused on OPEC+ this week after talks between Russia and Ukraine appeared to break down, the U.S. negotiations with Iran stalled, and Trump delayed his trade war with the EU until July.- As the US hurricane season officially starts June 1, oil markets have been placing their bets on potential supply disruptions as the NOAA predicts the 2025 Atlantic hurricane season to be above normal.- The agency is forecasting 13 to 19 named storms, of which 3 to 5 are expected to become major hurricanes (winds of 111 mph or higher),…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com