Crude oil rallied after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply.
Amid a tightening market, U.S. commercial crude oil inventories are at their lowest level since early 2015.
OPEC as well as top producer Russia are discussing raising output to counter falling supply from Iran, although no decision has been made public yet.
For more information ✆ +91-8871068600 or visit Dynamic Money Research
No comments:
Post a Comment