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OIL, New week fresh start

  • Writer: R&D Consulting
    R&D Consulting
  • Jun 3, 2019
  • 1 min read

Oil has started this week with some smaller gain. Oil futures start Monday with recovering some of the losses from last week, amid fears of a global economic slowdown fueled by the trade war between US and PRC, and Trump`s tariff threats to Mexico.


From lowest levels since February crude prices rebounded after Saudi Arabian Energy Minister reaffirmed his country`s commitment towards ensuring oil market stability by extending output cuts past June if needed.


Brent is +0.82%



Crude is +1.02%



 
 
 

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