Crude Oil Prices – Weekly Outlook: May 28 – June 1
Comments from global oil producers for additional signals on whether they plan to exit their current production-cut agreement will remain at the forefront.
Crude prices plunged on Friday to finish at their lowest levels in weeks, as reports said OPEC and Russia are considering lifting production by as much as 1 million barrels a day as early as June to meet the shortfall in supply from Iran and Venezuela.
Monday
Markets in the U.S. will remain closed on Monday for Memorial Day.
Wednesday
The American Petroleum Institute is to publish its weekly report on U.S. oil supplies.
Thursday
The U.S. Energy Information Administration will release its weekly report on oil stockpiles.
The weekly report on natural gas supplies in storage is also on the agenda.
Friday
Baker Hughes will release weekly data on the U.S. oil rig count.