Bearish case severely weakened by Saudi comments
Oil prices are higher again this morning, supported once more by reports that OPEC+ could consider cutting output. While this may simply be a case of Saudi Arabia talking up the price, for now, the prospect of the group taking such action effectively removes two of the biggest downside risks for prices.
An Iran nuclear deal was explicitly referenced so if any deal is announced in the coming weeks, it will be interesting to see what the impact on t
24-08-2022 08:48 GMT
by Craig Erlam
