Gist Boards > Corona Virus

[The Guardian] Saudis gambling on game of oil-price chicken | Larry Elliott

(1/1)

The Guardian:
Saudis gambling on game of oil-price chicken | Larry Elliott

Brent crude likely to continue slide as Riyadh faces off with Russia and US
* Oil price sinks - business live
* Coronavirus – latest updates
* See all our coronavirus coverageThe demand for oil is falling. The supply of oil is increasing. The result – as even those with only the scantiest understanding of economics knows – is that the price of oil must be falling.And some. The cost of Brent crude – one of the market benchmarks – fell to below $23 a barrel in early trading, the lowest it has been since the US and the UK were making preparations for the invasion of Iraq in November 2002. Continue reading...
Source: Saudis gambling on game of oil-price chicken | Larry Elliott

Feeds culled from https://www.theguardian.com/uk/rss

Navigation

[0] Message Index