0931 ET - Crude futures are modestly lower heading into the weekend with the OPEC+ meeting Monday on most minds. "We expect pushbacks from member countries of OPEC+ to the apparent proposed production increase, such that oil prices hang in the balance," Citi analysts say in a note. Brent could hold in the high $50s with a further acceleration of 500,000 barrels a day, Citi says, while bigger increases or an eventual lifting of Iranian sanctions could drop the price to around $50. Citi's "bull case" of Brent in $70s entails no additional increase, "or even a freeze," and harsher sanctions enforcement. "A market more conditioned to thinking of downside could well be surprised if there is a turnaround." Brent is off 0.3% at $61.93 a barrel and WTI is down 0.4% at $58.99. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 09:31 ET (13:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。