OPEC+ Debating An Additional Oil Production Cut Among Possible Options For The June 4 Meeting
Portfolio Pulse from Benzinga Newsdesk
OPEC+ is considering an additional oil production cut as one of the possible options for their June 4 meeting, according to Reuters.
June 02, 2023 | 6:30 pm
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The United States Oil Fund (USO) may be impacted by OPEC+'s decision on additional oil production cuts during their June 4 meeting.
If OPEC+ decides to implement additional oil production cuts, it could lead to a decrease in global oil supply, potentially increasing oil prices. This would likely have a positive impact on the USO ETF, which tracks the performance of oil prices.
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