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hemanthaa@mail.com

Falling oil prices: for how long can high gas prices prop them up?

hemanthaa@mail.com in Oil (General)

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hemanthaa@mail.com    + 64

hemanthaa@mail.com

Falling oil prices and high gas prices

Oil prices have been falling for two successive weeks and the rate of fall appears to be somewhat tamed only by the high gas prices. Although some analysts quickly attributed it to the modest increase in the output by the OPEC+ by 100,000 bpd, the real reason appears to be the gloomy sentiments about the global economy, exacerbated by the highly-disputed recession in the US and widely-accepted recession in the UK...

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