Oil markets started off the week under pressure as continued speculative “long” liquidation amid delta variant demand concerns weighed on prices. However, in an ironic twist, the oil market got a boost from an unlikely source on Wednesday as the Biden administration announced it was pleading with OPEC+ members to increase oil production to stem inflationary pressures from rising domestic gasoline prices.

 

For more information, click link below :

https://oilprice.com/Energy/Crude-Oil/Why-The-US-Is-So-Vulnerable-To-Rising-Oil-Prices.html

.

.

By DAVOR Marketing Team

📞: +6011-26139527 (Office), +6012-2919166 (Sales)

✉️: sales@davor.com.my

💻: https://www.davor.com.my/

#oilprice #updateoilprice #risingoilprice #malaysia #breakingnews