Tight supply underpins oil price

Jun 22, 2022 | Commodities

Global oil prices rose by as much as 1% on Tuesday. Traders attribute the gains to continued tight global supplies and increased summer fuel demand in the US and Europe, notes CommSec. “Supporting prices were predictions from Exxon Mobil Corp Chief Executive Darren Woods that fairly tight oil markets would extend for 3-5 years.” US […]

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Tight supply underpins oil price

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