Subscribe To
Oil opens the week $1 higher as Saudi Arabia offers some light jawboning
There was some speculation on Friday that Russia may offer up its official response to the G7 oil price cap on the weekend after Putin said it was coming in 'days' but the wait will have to continue.
In any case, crude has opened the week $1 higher with Brent at $77.11 and WTI at $71.98. Some help came from further China reopening and Saudi Arabia's foreign minister saying that the best way to ensure sufficient investment and capacity is fair prices for consumers and producers.
Th... Read More
Posted: Dec 11 2022, 23:43
Author Name: forexlive
Views: 110652