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Oil inched higher on Friday as expectations of more OPEC production cuts offset concerns over the US-China trade dispute. Brent and WTI were both slightly up after rebounding over 2% the previous day, though prices remained in bear territory.
OPEC cut expectations provide a floor for energy prices, while the trade dispute and yuan weakness cap demand and keep energy-linked input costs volatile.
thehindubusinessline.comReutersAug 9, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
