![]() The data developer platform posted blowout guidance. These are some of the stocks making the most significant moves after the bell: ![]() debt ceiling standoff, China's subdued growth indicators also weighed on prices, the report noted. The bank noted that the decline came despite the previously announced OPEC+ production cuts coming into effect during the month.Īside from the uncertainty that had been swirling around the U.S. "Oil prices fell sharply in May, with the WTI benchmark dropping below USD70/b," HSBC wrote in a report dated June 1. Smith forecasts that Brent prices could slip to $70 per barrel should OPEC maintain the status quo. The oil cartel is not likely to deepen output cuts in the upcoming meeting, Reuters reported citing sources from the alliance. "If don't do anything, we could really see prices sell off, we've seen them selling off this week," said Kpler's lead oil analyst Matt Smith. West Texas Intermediate futures was 0.24% down to $70.27 per barrel. Global benchmark Brent inched 0.2% lower at $74.44 a barrel Friday, while the U.S. Oil prices traded slightly above the flatline as traders look toward an OPEC+ meeting this weekend. Lululemon also raised its full-year outlook. The company's sales grew 24% from the previous year. ![]()
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