crashthegame| U.S. WTI crude oil closed up 1.1% and rebounded from a three-month low

In the early morning of the 25th Beijing timecrashthegame, U.S. WTI crude oil futures prices closed up 1.1 percent on Fridaycrashthegame.1%。The day before, the futures price hit a three-month low. The market is concerned about the upcoming OPEC+ meeting.

West Texas Intermediate crude oil (WTI) futures for July delivery closed up $0.85, or 1.11%, to close at $77.72 a barrel on the New York Mercantile Exchange.

The Organization of Petroleum Exporting Countries and its allies (OPEC+) will hold a virtual meeting on June 2 to review crude oil production policies. OPEC+ is currently voluntarily reducing daily crude oil production by a total of 2.2 million barrels to support oil prices.

Analysts said the market is widely expected to exceed the current production cap next week's OPEC+ meeting, especially now that oil prices are in a relentless downward trend, but this may not be enough to clearly boost market sentiment because the crude oil market is still oversupplied, with an additional supply buffer of nearly 6 million barrels a day.

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