OPEC+ will be watching closely
Oil prices are rebounding slightly on Thursday, up almost 1%, after collapsing more than 5% a day earlier on renewed global growth concerns. With policymakers around the world still hawkish on interest rates, most notably in the US, and China locking down major cities in its zero-tolerance fight against Covid, the demand outlook is weakening.
After such a long period of supply driving the crude price, it's demand that appears to be dominating now with traders antic
08-09-2022 04:53 GMT
by Craig Erlam
