Oil Prices Fluctuate Amidst Gulf Disruptions

Oil prices fluctuate as OPECs demand forecast is cut and supply hits take a toll. Brent crude for July stands at $105.42 per barrel, while WTI for June is at $100.87. OPECs output dropped by 1.7 million barrels per day in April, with the UAE leaving the cartel. This has led to a loss of over 14 million barrels per day from Gulf producers, draining global stockpiles. Expect volatile prices due to the Strait of Hormuz shutdown and regional oil disruptions, with a keen eye on President Trumps talks with Chinas Xi. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6706c176d497a1e6