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International Business News: Fitch Ratings revises its near-term oil and European gas price assumptions, driven by OPEC+'s control over supply, additional production cuts, and the
Worries about a supply surplus and weak Chinese demand are weighing on oil
The decline in oil prices is expected to provide a boost to the Indian equity market, especially the sectors that use crude oil as raw material. Conversely, some sectors can plummet, say analysts. A look at the sectors that would be impacted the most.
Oil prices appear to have stopped falling, at least for now, after Saudi Arabia emphasized that the OPEC+ production cuts will be implemented in full.
Graham Capital Management L.P. raised its holdings in shares of W&T Offshore, Inc. (NYSE:WTI – Free Report) by 83.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 391,165 shares of the oil and gas company’s stock after acquiring an additional 178,509 shares during the quarter. Graham Capital Management L.P.’s holdings in W&T Offshore […]