Previously, the decline in oil prices was definitely beneficial to the American economy, but now the situation is more complicated and this principle no longer…
Tag: wti crude
Optimism Over End to Oil Glut
Crude posted its biggest gain in almost two months as the world’s largest oil exporters prepare to discuss global supplies.
Futures rose 2.4 percent in New York on Monday after registering the worst weekly swoon in more than 2 1/2 years. All eyes are on this week’s G20 gathering in Argentina that will include Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin. That event will be followed by a key OPEC meeting next week in Vienna.