Wall Street Stocks Rise as Oil Prices Drop on OPEC+ Summit Delay

Wall Street stocks resumed their upward climb Wednesday, while oil prices dropped with traders interpreting a delay to an OPEC+ summit as a sign of possible discord. The oil exporters are due to decide on their output policy amid slumping crude prices and weak crude demand as China's post-Covid rebound stutters and Europe and the United States confront slowing economies.

The current output strategy by OPEC+ that saw nine members led by Riyadh cut production to boost prices has failed to bring about lasting recovery

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zelensky huddled Wednesday night with Wall Street CEOs and business leaders to discuss rebuilding UkraineUkrainian President Volodymyr Zelensky met Wednesday evening in Manhattan with Wall Street CEOs and business power players to discuss efforts to rebuild his war-torn country and its economy, a person familiar with the matter tells CNN.
Source: CNN Philippines - 🏆 13. / 63 Read more »

Philippine stocks buck Wall Street’s declinePhilippine stocks ended the week in the green on bargain-hunting, bucking Wall Street’s sharp decline. The bellwether Philippine Stock Exchange
Source: MlaStandard - 🏆 20. / 55 Read more »

Stocks climb after overnight Wall Street gainsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »