Oil pools lower

Published: Wed 06 April 2022
Updated: Sun 01 January 2023
By steve

In Markets.

Wednesday 6, April 2022

Image of the day

Tweet of the day (last week)

https://twitter.com/eoinyk/status/1508116790622269447?s=20&t=b1YJV0S7l8X40mKNEB2X9w

Wednesday 6, April 2022

As Reuters reports, oil is trending strongly lower. Basically, the Fed is tightening, oil stocks are falling less quickly than expected, and Russia is selling her oil for a knock-down price, because so few countries can buy it. They only account for 10% of world oil, and China is happy to import the stuff. Will this continue? Probably …

Comments !

links

social