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Home Market Research Business

Oil dips as OPEC+ expected to hike output at weekend meeting

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 2 mins read
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Oil dips as OPEC+ expected to hike output at weekend meeting
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May 30, 2025 8:42 PM ETUnited States Oil Fund, LP ETF (USO), XLEUCO, LEU, NRT, DBO, UNG, FCG, TPL, USL, UEC, SCO, UNL, BNO, LTBR, EP, BOIL, KOLD, SEDG, GUSH, DRIP, BWXT, FMST, USOI, SGML, NFE, CO1:COM, NG1:COM, CL1:COM, EOSE, SMR, SOC, OKLO, OPAL, LZM, IMPP, EU, ZEOBy: Carl Surran, SA News Editor

SlavkoSereda/iStock via Getty Images

Crude oil futures ended the day and the week down as the market awaits the outcome of Saturday’s OPEC+ meeting, where the group is widely expected to raise its production target by another 411K barrels in July, and Reuters reported that an even



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