The Saudi cabinet says the Kingdom will continue boosting OPEC+ precautionary efforts to support stability in oil markets. WTI fell as much as $2 today and touched $79.90 but has bounced slightly to $80.36. There are concerns about Chinese demand due to today’s poor trade data and ongoing signs of economic weakness. www.forexlive.com
The Saudi cabinet says the Kingdom will continue boosting OPEC+ precautionary efforts to support stability in oil markets.
WTI fell as much as $2 today and touched $79.90 but has bounced slightly to $80.36. There are concerns about Chinese demand due to today’s poor trade data and ongoing signs of economic weakness.
www.forexlive.com