Futures in New York were steady after closing down 0.1% on Monday Oil traded without direction for a second day as the market waited to see if OPEC and its allies will extend record production curbs.
Futures in New York were steady after closing down 0.1% on Monday. Saudi Arabia and its Gulf allies favor keeping the curbs -- which are set to start easing from July -- in place for an extra one to three months, a delegate said.
However, a proposal to bring OPEC+’s next meeting forward by a few days to June 4 still hasn’t been agreed upon amid wrangling behind the scenes.
Violent protests continued to rock the U.S., complicating its economic recovery from the coronavirus, with President Donald Trump promising to deploy the military to quell