Investors becoming wary about the economic outlook
Supply cuts remain supportive
Head and shoulders neckline provides support
Oil prices recovered a little toward the back end of the week after coming under some pressure this month.
Supply cuts from OPEC+ continue to support the market but uncertainty over the global economic outlook - sluggish recovery in China, possible recession in the US and Europe - are weighing a little.
Recent economic data has not been encouraging and central banks ar
25-08-2023 10:43 GMT
by Craig Erlam
