Oil prices were lower for the day and week over week as investors are watching the OPEC+ meeting this Sunday that will determine the fate of the groups output curbs.  “It’s the trepidation ahead of the OPEC meeting over the weekend,” said Matt Smith, lead analyst at Kpler, referencing the potential for the group to do something unexpected. “It’s widely expected that they’ll roll over the cuts,” he added. The oil market has been under pressure in recent weeks over the prospect of U.S. borrowing costs staying higher for longer, which ties down funds and can curb oil demand. Both oil benchmarks were on course for their biggest monthly declines since December after dropping in the previous session on a surprise build in U.S. fuel inventories. WTI traded down $.92 or -1.2% to close at $76.99. Brent traded down $.24 or -.3% to close at $81.62.

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  • Where: Renaissance Schaumburg Convention Center Hotel
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