Oil Futures Lose Ground As OPEC+ Brings Meeting Forward -- Market Talk

Dow Jones

May 03, 2025

1354 ET - Oil futures are sliding into the weekend with the market awaiting a decision by OPEC+ on June's output levels. The fact the meeting was moved to Saturday from Monday spooked some people as in the past, rescheduling has come with "significant volatility either to the upside or downside," says CIBC Private Wealth US senior energy trader Rebecca Babin. The market is "somewhat ready" for another increase of 400,000 barrels a day, although that would still indicate a change in OPEC strategy and the risks are asymmetric, Babin says. "If it's worse than we think, the downside is a lot bigger than the upside is if it's less than we think." WTI is off 1.7% at $58.72 a barrel, and Brent is off 1.5% at $61.18 a barrel. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

May 02, 2025 13:54 ET (17:54 GMT)

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The fact the meeting was moved to Saturday from Monday spooked some people as in the past, rescheduling has come with \"significant volatility either to the upside or downside,\" says CIBC Private Wealth US senior energy trader Rebecca Babin. The market is \"somewhat ready\" for another increase of 400,000 barrels a day, although that would still indicate a change in OPEC strategy and the risks are asymmetric, Babin says. \"If it's worse than we think, the downside is a lot bigger than the upside is if it's less than we think.\" WTI is off 1.7% at $58.72 a barrel, and Brent is off 1.5% at $61.18 a barrel. (anthony.harrup@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 02, 2025 13:54 ET (17:54 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Futures Lose Ground As OPEC+ Brings Meeting Forward -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Futures Lose Ground As OPEC+ Brings Meeting Forward -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-03 01:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1354 ET - Oil futures are sliding into the weekend with the market awaiting a decision by OPEC+ on June's output levels. The fact the meeting was moved to Saturday from Monday spooked some people as in the past, rescheduling has come with \"significant volatility either to the upside or downside,\" says CIBC Private Wealth US senior energy trader Rebecca Babin. The market is \"somewhat ready\" for another increase of 400,000 barrels a day, although that would still indicate a change in OPEC strategy and the risks are asymmetric, Babin says. \"If it's worse than we think, the downside is a lot bigger than the upside is if it's less than we think.\" WTI is off 1.7% at $58.72 a barrel, and Brent is off 1.5% at $61.18 a barrel. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DDG":"ProShares做空石油与天然气ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","BK4570":"地缘局势概念股","SCO":"二倍做空彭博原油指数ETF","BK4145":"电子制造服务","BK4202":"服装、服饰与奢侈品","USO":"美国原油ETF","DWT":"三倍做空原油ETN","UCO":"二倍做多彭博原油ETF","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"OPEC+会议召开，石油期货下跌——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DDG":0.6,"DWT":0.6,"QMmain":1,"FORD":1,"CLmain":1,"DUG":0.6,"BZmain":0.6,"SCO":1,"UCO":1,"USO":1},"content_text":"1354 ET - Oil futures are sliding into the weekend with the market awaiting a decision by OPEC+ on June's output levels. The fact the meeting was moved to Saturday from Monday spooked some people as in the past, rescheduling has come with \"significant volatility either to the upside or downside,\" says CIBC Private Wealth US senior energy trader Rebecca Babin. The market is \"somewhat ready\" for another increase of 400,000 barrels a day, although that would still indicate a change in OPEC strategy and the risks are asymmetric, Babin says. \"If it's worse than we think, the downside is a lot bigger than the upside is if it's less than we think.\" WTI is off 1.7% at $58.72 a barrel, and Brent is off 1.5% at $61.18 a barrel. (anthony.harrup@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  May 02, 2025 13:54 ET (17:54 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}