OPEC+ Production Cuts and Weaker Dollar Propel Oil Prices Upward

[{"selector":"#anim-c7f3d8a8-d845-4136-992a-9197dc9dcb40","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3613d65b-c773-44da-83b1-41a90980b318","keyframes":{"transform":["translate3d(0px, 461.21991%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-03f2024d-d7f5-4052-aeb5-2468029e0974 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(14.843749786673241%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Oil prices rebound, recovering from previous losses

[{"selector":"#anim-05cf78b1-fbfc-44b2-b623-5aaa66d843d9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66336c51-eac5-4667-9d36-2dabecd71346","keyframes":{"transform":["translate3d(0px, 326.69742%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f9a6f93d-9fd5-426a-8e6a-67ecfaacbfaf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.247700965172054%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] OPEC+ supply cuts and a weaker U.S. dollar contribute to the price increase

[{"selector":"#anim-e13817ce-58b2-4bf9-9193-c5d7d63259e2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6fc874ea-92e5-4f4e-b06d-01d2e978cbb3","keyframes":{"transform":["translate3d(0px, 245.02317%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b2a7fcda-f4a0-4b86-a8b8-6af713a9f490 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(29.75801650425082%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Brent crude futures rise 0.4% to $78 per barrel, while U.S. West Texas Intermediate crude increases by 0.5% to $73.34

[{"selector":"#anim-ee36c8ce-9bb9-47ab-940d-5474434bf47e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c7662259-290f-4395-89c8-bca1112c82d4","keyframes":{"transform":["translate3d(0px, 326.69742%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cfe415cf-b215-4cbd-ba89-3d5469951596 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.225066375436132%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Saudi Arabia and Russia's upcoming supply cuts in August support the upward movement

[{"selector":"#anim-ac40f3d5-f932-4d9c-81e3-c3d44e6fc538","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-161a35a6-8fce-43d8-8349-f41f789a83bc","keyframes":{"transform":["translate3d(0px, 245.02317%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-40b00d19-b805-493d-9659-6a319c6c8fdb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.225066375436132%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Weaker U.S. dollar makes crude more affordable for holders of other currencies and boosts oil demand

[{"selector":"#anim-f2c23ee4-ba9e-4a8e-8e78-091149a2e8ed","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ec8fd0bc-36b7-44e9-b38e-2beb3b5baa64","keyframes":{"transform":["translate3d(0px, 326.69742%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2f8a580c-4802-40e7-9d86-72894dcd8f57 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(29.967023786107617%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] China's increased support for its real estate sector aids the surge in oil prices

[{"selector":"#anim-2e5e2e8f-6807-4d8d-89b6-a4a2f4f21942","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e84e0dfc-80ca-4887-ac46-c0049df8a7dd","keyframes":{"transform":["translate3d(0px, 245.02317%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83fbc178-56dc-4d61-9218-41ca8f5784b8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.373596078381954%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] – Market focus on upcoming data, including Chinese new yuan loans, trade balance, and U.S. inflation trends

[{"selector":"#anim-7c34e8e4-b692-4876-844d-1737fae31c8f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b007d99-90b1-409b-a1af-4f777431c0e4","keyframes":{"transform":["translate3d(0px, 245.02317%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04e8d477-6fd7-4b58-8a72-a1d31cf1ca26 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(29.64490512914565%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Traders await U.S. crude inventory data from the American Petroleum Institute, expecting a build of 200,000 barrels