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Article Summary
- Oil prices have dipped after a week of gains
- The dip is attributed to concerns about global demand
- OPEC+ is considering increasing production in August
- US oil production is expected to rise in the coming months
- The overall tone of the article is cautious and uncertain
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Oil Prices Dip After A Week Of Gains
Crude oil prices started the week with a dip after booking a gain of 6% last week, fueled mostly by geopolitical factors as the war between Russia and Ukraine escalated. At the time of writing, Brent crude was trading at $74.58 per barrel, with WTI at $70.65 per barrel. At the same time, Iran changed its tune on enriched uranium in anticipation of tighter sanction enforcement by Washington after D...
https://oilprice.com/Latest-Energy-News/World-News...
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