WTI bears attack $70.00 as Oil producers, major economics shake demand-supply matrix – by anilpanchal7 Oil WTI SaudiArabia OPEC Iran
ils to justify hawkish signals from Saudi Arabia and hopes of the Federal Reserve’s no rate hike, as well as the softer US Dollar, amid expectations of the US-Iran trade deal and fears of economic slowdown.
“The latest OPEC+ agreement involved comprehensive reform, but that the alliance was also working against ‘uncertainties and sentiment’ within the market,” said Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman on Sunday, reported Reuters. It should be noted that speculation about the US-Iran trade deal triggered a slump in the Oil price the previous week before the official sources ruled out the basis and allowed the black gold to lick its wounds.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Rod Stewart lists Beverly Hills mansion for $70 millionRod Stewart is seeking $70 million for his three-acre Beverly Hills estate, complete with nine bedrooms, theater, gym, guesthouse, pool and tennis court.
Baca lebih lajut »
Major Gulf bourses end lower on falling oil pricesMajor stock markets in the Gulf ended lower on Sunday in response to falling oil prices and weaker-than-expected Chinese economic data.
Baca lebih lajut »
US buys over 3 million barrels for oil stockpile, announces plan for 3 million moreThe U.S. Department of Energy said on Friday it awarded supply contracts to five companies to deliver 3.1 million barrels of crude oil to the Strategic Petroleum Reserve in August at an average price of $73 per barrel.
Baca lebih lajut »
Castor Oil Is Super Trendy For Hair Growth RN—But Does It Really Work?Plus, the best options to shop.
Baca lebih lajut »
Saudi crown prince threatened US ‘economic consequences’ during feud over oil production: reportThe crown prince claimed in private that “he will not deal with the U.S. administration anymore” and promised “major economic consequences for Washington,” according to the document.…
Baca lebih lajut »