Oil Price Slide Triggers Demand Jump and Slight Rebound ...Middle East

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Oil Price Slide Triggers Demand Jump and Slight Rebound
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Low oil prices have done what they always do, boosting demand for the commodity. This, in turn, has led to a change in oil’s fortune, seeing Brent recover to over $60 per barrel and West Texas Intermediate bounce from the mid-50s. At the time of writing, Brent crude was trading at $61.19 per barrel and West Texas Intermediate was changing hands for $58.03 per barrel, both reversing an extended rout that began in late April amid President Trump’s push for more favorable trade conditions for U.S. companies via tariffs. OPEC+ policies…

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