Reported about 1 month ago
Oil prices rebounded after reaching their lowest close since 2021, following a nearly 10% decline last week. Focus this week is on three upcoming reports from OPEC, the Energy Information Administration, and the International Energy Agency that may clarify demand forecasts amid concerns over slowdowns in the US and China. This recovery comes despite a price cut by Saudi Arabia for its flagship crude grade due to poor demand outlook.
Source: YAHOO