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Oil prices climb ahead of highly-anticipated OPEC+ meeting. Chart of the Week- The U.S. only sold 729,000 vehicles in the month of April, the lowest since early 2010.- Car sales were down 59 percent year-on-year, while light truck sales were down 42 percent, a sign that consumers are making a slight shift to trucks and SUVs.- “The U.S. Energy Information Administration’s (EIA) estimates of the sales-weighted average fuel economies of 33.9 miles per gallon (mpg) in March and 33.6…
Oil prices climb ahead of highly-anticipated OPEC+ meeting. Chart of the Week- The U.S. only sold 729,000 vehicles in the month of April, the lowest since early 2010.- Car sales were down 59 percent year-on-year, while light truck sales were down 42 percent, a sign that consumers are making a slight shift to trucks and SUVs.- “The U.S. Energy Information Administration’s (EIA) estimates of the sales-weighted average fuel economies of 33.9 miles per gallon (mpg) in March and 33.6…
Read more https://oilprice.com/Energy/Energy-General/40-Oil-In-Sight-As-OPEC-Considers-Extension.html