Crude rose to as high as $66.28 in a two-month high but turned around in US trading and settled 31-cents lower to $64.98.
Data so far this month suggests OPEC supply hasn't been as big of a problem as anticipated, as compensatory cuts offset the production increases but more pledged hikes are coming and could continue into the autumn. If the US trade war doesn't reverse then that rising supply could hit falling demand in a struggling economy.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about oil tries to break out but gets reeled back in was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Oil tries to break out but gets reeled back in )
Also on site :
- Valve will face that £656m UK lawsuit accusing them of overcharging Steam customers, as tribunal rules it can go ahead
- Mimi Rogers Turns 70 and Stuns on the Red Carpet Alongside Her Beautiful Lookalike Daughter
- Nordstrom Rack Has an Adorable Satin Heart Pajama Set on Sale for $30 Ahead of Valentine’s Day