Business · Energy & Commodities · 1 day ago

Oil prices could fall if calm in the Gulf continues

Oil prices could fall if calm in the Gulf continues

Commodity analyst Carsten Fritsch sees room for oil prices to fall.

He says a substantial amount of oil is reaching the world market.

In Saudi Arabia, deliveries are rising after a damaged pipeline was repaired.

The outlook depends on relative calm continuing in the Gulf.

If it does, oil prices could have further room to decline.

The available information gives no forecast for how far prices might fall or when.

Sources

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