Oil is up on Saudi output promise and declining US stocks

Nederland Nieuws Nieuws

Oil is up on Saudi output promise and declining US stocks
Nederland Laatste Nieuws,Nederland Headlines

Output is still likely to outstrip demand this year, despite Opec’s cuts of 800,000 bdp in January alone, and US sanctions on Iran and Venezuela

 

Nederland Laatste Nieuws, Nederland Headlines

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Increase in US stocks puts pressure on oilIncrease in US stocks puts pressure on oilBrent falls as production levels in the US remain at record levels, but Opec-led supply cuts and sanctions against Venezuela support markets
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