Demand Fears And Supply Cuts Keep Oil Markets On Edge ...Middle East

OILPRICE - Economy
Demand Fears And Supply Cuts Keep Oil Markets On Edge
Crude oil prices moved modestly higher on the morning of the 4th of July following the news that Saudi Arabia would extend its voluntary oil production cuts through August.Chart of the Week- Saudi Arabia’s extension of its 1 million b/d production into August has had little to no effect on overall oil prices, with ICE Brent settling at $74.65 per barrel at the end of the day, 35 cents lower than last Friday. - All this indicates that OPEC+’s supply cuts are perceived by the market at large as a bearish signal of suppliers wary…

Hence then, the article about demand fears and supply cuts keep oil markets on edge was published today ( ) and is available on OILPRICE ( 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 ( Demand Fears And Supply Cuts Keep Oil Markets On Edge )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News