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Published 1 month ago

OPEC+ Risks Repeat Of Boom And Bust As Oil Prices Top $90

Summary by Bloomberg

(Bloomberg) -- The OPEC+ alliance may be risking a repeat of last year’s oil market boom and bust.Brent crude prices shot above $90 a barrel on Thursday and analysts warned of a further increase to $100. The rally came after Saudi Arabia and its partners signaled they’ll continue to squeeze supplies despite robust fuel demand and flaring geopolitical tensions in the Middle East. It’s starting to look a lot like the market narrative of 2023.Last …

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OPEC+ Risks Repeat Of Boom And Bust As Oil Prices Top $90

(Bloomberg) -- The OPEC+ alliance may be risking a repeat of last year’s oil market boom and bust.Brent crude prices shot above $90 a barrel on Thursday and analysts warned of a further increase to $100. The rally came after Saudi Arabia and its partners signaled they’ll continue to squeeze supplies despite robust fuel demand and flaring geopolitical tensions in the Middle East. It’s starting to look a lot like the market narrative of 2023.Last …

1 month ago·United States

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