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Crude oil drops to YTD low as OPEC anticipated to delay deliberate manufacturing hike

by Index Investing News
February 22, 2025
in Markets
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Feb. 21, 2025 7:35 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, XLE, CDE, HL, SJT, OBE, DBO, UNG, FCG, USL, EFOI, UEC, SCO, UNL, BNO, LTBR, BOIL, KOLD, HBM, SEDG, GUSH, DRIP, SEI, USOI, CO1:COM, NG1:COM, GWH, SMR, PPTA, OKLO, CRMLBy: Carl Surran, SA Information Editor

SlavkoSereda/iStock by way of Getty Photographs

Crude oil futures closed Friday at their lowest settlement value this yr, with each WTI and Brent benchmarks tumbling greater than $2/bbl, fueled by near-term provide issues and expectations that OPEC+ will postpone returning barrels to the market in April as deliberate.



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Tags: CrudedelayDropsexpectedHikeOilOPECplannedproductionYTD
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