50 shades of black + 254 June 9, 2020 Oil prices fell on Tuesday, weighed down by a stronger dollar and oversupply concerns after it was announced that a trio of Gulf producers would end voluntary output cuts. A “slightly stronger U.S. dollar ... is weighing on crude prices. Also the prospect of higher production from Saudi Arabia, Kuwait, UAE and Oman in July is not helping prices,” said UBS analyst Giovanni Staunovo. The Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, a grouping known as OPEC+, on Saturday agreed to extend record cuts of 9.7 million barrels per day (bpd) until the end of July. Quote Share this post Link to post Share on other sites
Pavel + 384 PP June 9, 2020 Oil prices climb.... Quote Share this post Link to post Share on other sites
Most Active Members
Recently Online
Popular Members