West Texas Intermediate crude oil is now down by 0.8% on the day so far, it is now traded at $91.22 after falling from a high of 92.70 to a low of 90.76. The black gold is retreating from its highest levels in seven years as supply risk sentiment takes …
Read More »OPEC+ Latest Decision Reflects Easing Surplus Concerns
The latest decision by OPEC+ Tuesday to stick to its planned increase in oil output for February largely reflects easing concern of a big surplus in the first quarter of 2022, as well as a wish to provide consistent guidance to the market.The producer group, which comprises of the Organization …
Read More »