Archive for June 5th, 2023

New Overnight Developments Abroad - Daily Update

Price of Oil Back in the Spotlight

June 5, 2023

At the weekend’s meeting of OPEC plus oil ministers, Saudi Arabia announced a further production cut of one million barrels barrels per day, effective July 1, and WTI oil is trading 2.6% higher as a result although about $1.5 below today’s earlier peak. The dollar has opened the week on an up beat, with gains […] More