Oil jumps 2% as OPEC+ delays adding supply to market [Yahoo! Finance Canada]
BOK Financial Corporation (BOKF)
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Source: Yahoo! Finance Canada
Oil futures jumped nearly 2% on Monday after OPEC+ announced it would delay unwinding production cuts by a month and traders digested a new report that said Iran is planning a "strong and complex" attack against Israel. 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. Crude Oil Dec 24 (CL=F) 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. Pr
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BOKF
Earnings
- 10/21/24 - Beat
BOKF
Sec Filings
- 12/13/24 - Form 4
- 12/6/24 - Form 4
- 11/7/24 - Form 4
- BOKF's page on the SEC website