Why Denison Mines, Uranium Energy, and Energy Fuels Stocks All Popped Today

As OilPrice.com reported today, a committee of the OPEC+ group of nations (OPEC, plus a few other oil-producing nations such as Russia that also have an interest in oil prices), decided today to continue with a planned increase of 840,000 barrels per day (bpd) in July production quotas. Oil demand is expected to grow by 6 million bpd, or 6.6%, to 96.5 million bpd on average this year, OilPrice.com said, as economies open back up and demand for energy surges. By the fourth quarter this year, OPEC+ predicts global demand will surpass 99 million bpd, great news for oil stocks.

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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