Monthly Archives: April 2023
Crude Surges on Surprise OPEC+ Cuts
Written on April 3, 2023 at 6:07 am, by lishitong
Oil prices surged at the beginning of the week after OPEC+ unexpectedly announced crude output cuts that could tighten the market, causing inflationary concerns for the global economy. The cuts, which will exceed 1 million barrels a day, were not expected by traders who anticipated output to remain steady. Goldman Sachs raised price forecasts forContinue Reading
