Name: Oil Production Cuts & Energy Prices This Summer
Uploaded: 2023-06-08T21:26:54.997
Duration: 8 min 17 s
Description: The FOMC meeting will take place next week. Will July be the month that the Federal Reserve raises interest rates by 25BPS? Ed Egilinsky examines the 10-year yield versus the U.S. Dollar. OPEC+ maintains 2023 oil production targets and Saudi Arabia has voluntarily cut 1M BPD. However, the crude oil price has little changed after the news. What does that mean for future production cuts?

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The FOMC meeting will take place next week. Will July be the month that the Federal Reserve raises interest rates by 25BPS? Ed Egilinsky examines the 10-year yield versus the U.S. Dollar. OPEC+ maintains 2023 oil production targets and Saudi Arabia has voluntarily cut 1M BPD. However, the crude oil price has little changed after the news. What does that mean for future production cuts?