Yabba Dabba Doom: Crude Oil Falls to Record Low, OPEC+ Meeting Looms

Oil Prices Flattening Like a Pancake

U.S. crude oil finishes May down 6% in worst performance since November while global benchmark Brent fell 7.1%.

What a Scooby Snack! Energy Prices Today

West Texas Intermediate at $77.99 a barrel down 1.18% while Brent is at $81.62 a barrel down 0.29%.

OPEC+ Meeting: To Pump or Not to Pump?

OPEC+ set to review voluntary output cuts of 2.2 million barrels per day likely to be prolonged.

Fueling the Fire: Weak Gasoline Demand

Gasoline demand in the U.S. down 1.4% compared to last year while oil demand remains lackluster.

Refiners Feeling the Heat

Chinese and European refiners struggle as output slumps and maintenance delays pressure demand.

A Bit of Hope on the Horizon

Initial demand readings in April offer a glimmer of improvement amidst the oil market challenges.