- Russia may cut crude production by as much as 700,000 barrels
- 1.8 million barrels of refinery capacity halted in Texas
Oil rallied to a three-week high and clinched a second straight weekly gain after Russia warned it may cut output by as much as 700,000 barrels a day in response to sanctions on the nation’s crude, reports Gulf News.
Trading volumes dwindleWith trading volumes dwindling heading into the Christmas holiday, Russia’s threat outweighed the impacts of...
https://mfame.guru/oil-posts-second-weekly-gain-as-russia-warns-of-output-cut/