Oil Prices Start the Week With a Decline ...Middle East

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Oil Prices Start the Week With a Decline
source : OILPRICE ( Middle East ) () 57
Crude oil prices began the week with a slide ahead of the postponed OPEC+ meeting that will now be held on Thursday. The decline followed a modest increase last week on traders’ expectations that Saudi Arabia and Russia, the de facto leaders of the OPEC+ extended cartel, would extend their voluntary supply cuts into 2024. However, prices were pressured—and the pressure remains—by disagreements among OPEC members. According to reports citing insiders, the disagreements had to do with two members—Nigeria and Angola—wanting…

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