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Stock impact report

Oil jumps 2% as OPEC+ delays adding supply to market [Yahoo! Finance]

BOK Financial Corporation (BOKF) 
Last bok financial corporation earnings: 4/22 07:55 am Check Earnings Report
US:NASDAQ Investor Relations: bokf.com
Company Research Source: Yahoo! Finance
West Texas Intermediate ( CL=F ) futures rose to trade near $71 per barrel while Brent ( BZ=F ), the international benchmark, hovered below $75 per barrel. The Organization of the Petroleum Exporting Countries along with Russia and other countries said it would continue with its output cuts for one month until the end of 2024. The decision to delay adding 180,000 million barrels per day starting in December had already been postponed in recent months amid volatile oil prices. "This delay could reflect a calculated strategy by OPEC+ to manage current market volatility, which includes a decline in global demand due to the economic slowdown in China," Rania Gule, senior market analyst at brokerage XS.com said in a note on Monday. Prices also rose after a report from The Wall Street Journal stated oil-producer Iran is planning an attack against Israel involving powerful warheads. Oil futures have been volatile over the past month amid back-and-forth strikes between Israel and I Show less Read more
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