Oil Markets Already Priced In An OPEC+ Output Cut Extension ...Middle East

The closure of the Suez Canal led to a moderate price rally last week, which came after a significant decline in oil prices triggered by new and stringent lockdowns in Europe. The impact of the Suez Canal crisis on oil markets has been marginal due to a number of factors including (1) slowing demand especially in the EU, (2) relatively high inventory figures, and (3) the low volumes of crude oil passing through the canal (less than 5% of global supply). Now the shipping channel has been unblocked again, the markets have priced in a short delay…

Hence then, the article about oil markets already priced in an opec output cut extension was published today ( Monday 29/03/2021 - 08:30 PM ) 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.

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Last updated : 29 March 2021 clock 08:30 PM

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Oil Markets Already Priced In An OPEC+ Output Cut Extension ...Middle East

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