oil and a multi-week low

Oil prices have soared since the start of the cuts last year triggering concerns that high prices could crimp economic growth and stoke inflation.


Do higher oil prices pose risk to global growth?

Producers began withholding 1.8 million barrels per day (bpd) of supplies in 2017 to tighten the market and prop up prices. U.S. crude production showed no sign of abating as drillers continued to expand.

There are indicators that U.S. oil production will continue to rise.

Source: Oil hits multi-week lows on fears of growing supplies, May 27, 2018

Published by mikebertelsen

Global market, trade, and financial news. I keep up to date with what I assess is important.

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