Oil continues to decline to more lows in three months as OPEC moves to phase out of production cuts - London Business News | Londonlovesbusiness.com
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from London Business News | Londonlovesbusiness.com9 months ago
Today's oil decline came despite OPEC+ extending production cuts by 2.2 million barrels/day for three months, with markets seeking bullish drivers for price increases.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/oil-continues-to-decline-to-more-lows-in-three-months-as-opec-moves-to-phase-out-of-production-cuts/
Global economic growth is key to reducing excess supply and supporting prices, with Chinese economic data attracting market focus.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/oil-continues-to-decline-to-more-lows-in-three-months-as-opec-moves-to-phase-out-of-production-cuts/
Read at London Business News | Londonlovesbusiness.com
#oil-prices #opec #global-economic-growth #chinese-economy #market-trends
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