Oil Rallies After Saudi Arabia and Russia Announce Supply Curbs

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Oil Rallies After Saudi Arabia and Russia Announce Supply Curbs

Bloomberg2023-07-05

Oil traded above $71 a barrel a day after OPEC+ linchpins Saudi Arabia and Russia agreed to prop up prices by curbing supply.West Texas Intermediate climbed about 2% in New York, though volumes were ...

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LJ
·2023-07-05
This will reduce consuner reliance on oil, and look for other alternative sources such as EV. And more new innovations to power vehicles without oil. More benefits to Tesla
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