OPEC+ said in a statement that

2022-09-06

OPEC+ said in a statement that Monday's decision to revert back to August levels of production was because the upward adjustment was "intended only for the month of September."

Oil prices traded sharply higher but were off the day's highs on Monday afternoon. International benchmark Brent crude futures were up 2.5% at $95.54 a barrel at around 1 p.m. ET, while U.S. West Texas Intermediate futures were up 2.6% at $89.16 a barrel.

Oil prices have fallen around 25% since early June after touching multiyear highs in March. The decline has been fueled by growing concerns that interest rate hikes and Covid-related restrictions in parts of China could slow global economic growth and curtail oil demand.

@Daily_Discussion

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Comments

Novem678
2022-09-06
Novem678
Thank you for sharing
John_SG
2022-09-06
John_SG
It's political war！
Ericdao
2022-09-06
Ericdao
Thanks for sharing
LionKingAir
2022-09-06
LionKingAir
Ok
ShawnLim
2022-09-06
ShawnLim
O
Newbievestor
2022-09-06
Newbievestor
[Strong]

Leave a comment

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