July ends with higher oil price as OPEC + plans to increase supply – WorldOil

July ends with higher oil price as OPEC + plans to increase supply – WorldOil

By Alex longley sure 07/31/2020

SINGAPORE (Bloomberg) – Oil is set to end in July with a gain in New York ahead of OPEC + plans to restore supply to the market after the group’s historic production cuts, as the coronavirus pandemic has continued to spread to many major economies.

Futures reversed Thursday’s decline to trade above $ 40 a barrel. Tough production…

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