Oil price rise on Opec-led supply cuts

Stampa

Demostenes Florosaboutenergy.com

Versione in italiano

In addition to the OPEC+ deal and the turmoil in the Latin American country, another bullish factor was a slight depreciation of the dollar and the impression that the Federal Reserve will not implement a strong tightening monetary policy in 2019 as it was previously supposed

Oil and currency trends

In January, barrel prices strongly increased, because OPEC+ members have been starting to implement the Vienna agreement reached on November 30th 2018.


READ MORE