Oil prices tumble on demand worries as global stocks mostly rise - Sharjah24


8/3/2022 12:00:00 AM2 years 9 months ago
by Sharjah 24

Sharjah24 – AFP: Oil prices tumbled on demand worries Wednesday while global equities mostly rose as US-China tensions receded somewhat after House Speaker Nancy Pelosi's trip to Taiwan.

The drop in oil prices came despite a move by the OPEC+ oil cartel, led by Saudi Arabia and Russia, to undertake just a small increase in production.The OPEC+ decision to raise production by 100,000 … [+1195 chars]

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