Oil Prices Rebound Ahead of Key Industry Reports and Fed Decision Oil prices rose after last week’s decline, with Brent crude surpassing $80 a barrel as traders anticipate key industry reports and a Federal Reserve decision on interest rates. Prices had fallen following OPEC+ plans to increase output later this year, leading to a significant drop in bullish bets on oil. Upcoming reports from OPEC and the International Energy Agency, along with the Fed’s rate decision, are expected to provide further market direction. Analysts at Goldman Sachs forecast a significant market deficit in Q3, maintaining their Brent oil price range of $75-$90. Meanwhile, Iraq is nearing an agreement to resume disrupted oil exports from Kurdistan. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts A Break from Tradition: How the Fed's Recent Policies Have Cost US Households READ MORE Silver: "It's Time To BUCKLE UP" READ MORE First Fed Rate Cut Expected by Economists in June READ MORE The Elite's Escape Plan: Inside the Billionaire Bunker Boom READ MORE Citi Forecasts Gold Prices Could Hit $3,000 Within a Year READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment