Energy Oil markets were fairly volatile yesterday. ICE Brent traded down towards US$69/bbl, but managed to settle above US$71/bbl. The initial price pressure followed calls from the US administration, which urged OPEC+ to increase oil output further – the current increase of 400Mbbls/d is seemingly just not enough. In addition to asking OPEC+ to increase …
The post The Commodities Feed: The US puts pressure on OPEC+ first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/the-commodities-feed-the-us-puts-pressure-on-opec/