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MAY 2020 SPELLS GAINS FOR OIL: WESTERN TEXAS INTERMEDIATE CLOSES AT 88% FOR MAY

Published On 30 May 2020 01:23 AM


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Highlights:

  • Balance in the demand and supply restored for oil
  • With reopening of the economies, oil gets another boost

Post the historic dip to below zero in April 2020, oil has made a miraculous recovery. It was actually a matter of time since this would have happened anyway.  The plunge in the process as a result of an oversupply by the OPEC and Russia. However, with Saudi Arabia and its all....


Tags : US oil market, Oil Gains, Saudi Arabia, WTI, OPEC, RUSSIA, Oil War,
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