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Home Markets

OPEC 'stuck between a rock and a hard place' as planned meeting delayed (NYSEARCA:XLE)

November 30, 2024
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Nov. 29, 2024 5:50 PM ET The Energy Select Sector SPDR ® Fund ETF (XLE), USO UCO, FCEL, FRO, BTU, GOGL, UGI, DBO, UNG, FCG, USL, SCO, UNL, BNO, CTGO, BOIL, KOLD, GUSH, DRIP, USOI, CO1: COM, NG1: COM, CL1: COM, GWH, NRGV, ASPI, ICON By: Carl Surran, SA News Editor

SlavkoSereda/iStock through Getty Images

Petroleum futures fell Friday after a ceasefire contract in between Israel and Iran-backed Hezbollah gotten rid of much of the staying threat premium around a broader Middle Eastern dispute, and as speculation increased around OPEC’s production strategies.

Israel and Lebanon implicated each

Source: Business Insider.

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