biggamelottery| WTI crude oil futures prices closed up 1.1% on Friday: the market is focused on the OPEC+ meeting, and daily output may be reduced by 2.2 million barrels

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WTI futures surged 1.5 percent on Fridaybiggamelottery.1%, closing at 77 per barrelbiggamelottery.72 dollars. Market Focus is about to be heldbiggamelotteryAt the OPEC+ meeting, the current production cut is 2.2 million barrels per day to support oil prices. Although OPEC+ is expected to overproduce, the oversupply situation remains unresolved, with a daily surplus of nearly 6 million barrels.

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In the early morning of the 25th Beijing time, U.S. WTI crude oil futures prices rose 1.1%, endingbiggamelotteryIt once hit a three-month low. Markets focus on the upcoming OPEC+ meeting. West Texas Intermediate crude oil futures for July delivery closed up $0.85, or 1.11%, at $77.72 a barrel on the New York Mercantile Exchange. The Organization of Petroleum Exporting Countries and its partners plan to review crude oil production policies through a virtual meeting on June 2. Currently, OPEC+ has voluntarily reduced daily crude oil production by a total of 2.2 million barrels in an effort to stabilize oil prices. Analysts pointed out that there is widespread expectation that next week's OPEC+ meeting may exceed the existing production cap, although oil prices continue to fall. However, the move may not be enough to effectively boost market sentiment, which is oversupplied by about 6 million barrels a day due to oversupply in the crude oil market.