Oil Takes a Surprise Tumble. Blame Soft Demand in China.

After the Organization of the Petroleum Exporting Countries and its allies said in early April that members would cut more than one million barrels per day of oil production, the path of prices looked clear. Supply was falling, demand was on the rise, and there was only one way for oil to go—up. The pattern held for about two weeks, but it has since reversed—and sharply, too.

Want to get worth reading articles in your email? want to catch what's going on in the world?

We do not spam but sent you only important news stories 🙂

News Agencies

About Author

The latest news from the News Agencies

You may also like

exotic expansion llc best stock picking services

Exotic Expansion LLC: Is it one of few Best Stock Picking Services?

Exotic Expansion LLC: You may have wondered once in a life that if you had someone who can advise you
investing in cryptocurrencies

Are you investing in cryptocurrencies? 4 important points before you invest

Investing in cryptocurrencies Driven by financial backers’ energy, the cryptographic money market as of late crossed the $3 trillion imprint