Oil Extends Longest Losing Streak Since March After Disappointingly Small Crude Draw

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Oil Extends Longest Losing Streak Since March After Disappointingly Small Crude Draw

zerohedge2021-08-18

Oil prices fell for the fourth day in a row - its longest losing streak since March - as a strong dollar and dismal US economic data following weak China data (combined with the ongoing spread of ...

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Qkumba78
·2021-08-18
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TheIEA report, on the other hand, is sending a warning signal that growth in demand may slow in the remaining period of 2021and OPEC+ needs to take a more cautious path towards its policy in 2021.\nThe next OPEC+ meeting is scheduled to take place next month and thekey question here is whether the alliance will consider recent calls from the White House to bring back supply soonerthan the group had originally agreed on. Under the current plan, the group will end its supply cuts by September 2022. 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