Reported 5 months ago
Crude oil prices have rebounded after a three-day slide, with expert Claudio Galimberti attributing the rally to demand concerns in China and Canadian wildfires. Galimberti predicts oil prices will stay between $80 and $90 per barrel due to OPEC production cuts, noting OPEC's determination to maintain the $80 threshold and the disincentive for OPEC+ members to exceed $90 to comply with agreed-upon cuts.
Source: YAHOO