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ICYMI - Saudi Arabia is expected to extend oil supply cuts into September

ICYMI - Saudi Arabia is expected to extend oil supply cuts into September
While factors boosting demand for oil improved overnight and on Wednesday:strong economic data from the US, in gross domestic product and pending home sales in JuneFederal Reserve staff ditched their recession forecast it put in place in MarchOn the supply side came news of another potential tailwind for the crude price:Saudi Arabia is expected to extend its 1 million-barrel oil supply cut into September after already being extended into August, according to 15 of 22 industry analysts and trader... Read More
Posted: Jul 28 2023, 00:41
Author Name: forexlive
Views: 112555

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