Uncertainty Has Overtaken Oil Markets Once Again ...Middle East

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Uncertainty Has Overtaken Oil Markets Once Again
Uncertainty appears to have overtaken oil markets once again as a potential OPEC+ agreement gives hope to oil bulls while fears of weak gasoline demand in the U.S. adds downward pressure to prices.Friday, July 16th, 2021The baseline amendment agreement between Saudi Arabia and the UAE foreshadowed a familiar path forward for the oil markets, at the same time the lack of detail on how exactly major OPEC+ producers would bring back production maintains a hefty level of uncertainty. Meanwhile, weak demand numbers from the US have cast doubts upon…

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