Oil price outlook for Q2: Will prices continue to rise?

Crude oil (CL=F, BZ=F) experienced robust growth throughout the first quarter of 2024, concluding the period with prices surpassing the $80 per barrel mark. Production cuts implemented by OPEC+ and the ongoing consolidation within the Permian Basin are anticipated to create a bullish tone for oil price trajectories for the remainder of the year.
Yahoo Finance Senior Business Reporter Ines Ferré breaks down the details.
#yahoofinance #youtube #OIL
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[@steven4315]

The key to reducing the price of oil is reducing demand.

[@greigsanderson]

Depends on war.

[@Number1OilConsumer-UnitedState]

Knock Knock

[@nelsongarcia4763]

That means the regular working man is screwed…

[@BlockyHam]

Oil?

[@markhartung]

Yes, oil..........

[@Thegermanempire1914.]

Where?