Oil prices are in focus after Saudi Arabia and Russia extended output cuts to the end of the year. Brent crude remains above $90 a barrel and New York traded futures are within striking distance of that level. Su Keenan reports on Bloomberg Television.
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8 Comments
Yeah, yeah, yeah… It’s Saudi driven… US domestic production cuts have nothing to do with the energy rally. No, nah, nah, Biden’s declaration of “war on fossil fuels…” that’s just noise. “We’re going to end the fossil fuel industry.” Yah, yah, it’s a Saudi driven rally, see?
$100 WTI comin eventually.
This is not great news, for the chances of the global-economy recovering, after the Covid-disruption. Wish they were targeting $80-85 per-barrel, instead.
Down 1% great
we have all the oil we need here. ban oil exports.
Bull run has legs! 🤑🤑
I'm certainly hoping for a lot higher than $100 a barrel.
Instead of stating that oil prices are hurting the American economy, they twist words by stating a likely bull market is coming.