Financial News

WTI Bounces Off OPEC+ Lows As Biden Admin Draws SPR Down For 4th Straight Week

Oil prices are extending losses once again as weak durable goods (under the hood) and growing banking crisis fears prompted WTI to erase all of the post-OPEC+ production-cut gains. “Concerns about the outlook for demand seem to be the main culprit” for lower prices in recent days, and are countering the effects of lower OPEC+ […] Source
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