Commerzbank expects US crude output to drop as prices stay weak
Commerzbank commodity analyst Carsten Fritsch notes that while the oil market currently faces a significant surplus of roughly 2.8 million…
Category: Oil & Gas
Despite Oversupply Concerns, WTI Rebounds Due to Russian Depot Strike and US Sanctions
West Texas Intermediate (WTI) US Oil was trading around $59.50 on Friday, marking a 1.60% daily increase after touching a…