கச்சா எண்ணெய் ப்ரைஸஸ் ஔட்‌லுக் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

WTI oil prices have risen for the last eight straight weeks, as investors cheered the growing signs of demand recovery as stimulus passage will lead to more consumption along with OPEC+ output cuts deal that is aiming to drain excess inventories and give a floor to the prices. Oil fundamentals looked to be more linked to the cash injections by major central banks around the world and are currently overshadowing the fundamental signs showing a slow pace of recovery.
The bold move by OPEC+ shows their ability to intervene in the market for much longer and much deeper than previously expected, and they now have minimal fear of US oil production returning due to higher prices. However, Saudi Arabia’s bet on US shale consolidation appears to be a safe one. But looking at how shale players react every time prices move higher, this confidence looks to be a safe one for a while. Currently, shale producers are more focused on cutting capex, returning money to shareholders. As crude p ....

New York , United States , Saudi Arabia , International Energy Agency , Crude Oil Prices Outlook , Post Market , Demand Recovery , Shale Producers , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , சவுதி அரேபியா , கச்சா எண்ணெய் ப்ரைஸஸ் ஔட்‌லுக் , போஸ்ட் சந்தை , தேவை மீட்பு , ஷேல் ப்ரொட்யூஸர்ஸ் ,