The Brent oil price rebounded last night to$6.85 as I write. The major reason was another draw on US crude inventories:
Even though production took off again:
The Saudis were also bearish, from Reuters:
Advertisement
The Brent oil price rebounded last night to$6.85 as I write. The major reason was another draw on US crude inventories:
Even though production took off again:
The Saudis were also bearish, from Reuters:
The full text of this article is available to MacroBusiness subscribers