Oil Prices Fluctuate Amid Supply Concerns and Market Volatility
TL;DR
Oil prices dropped below $90 a barrel due to a stronger dollar and concerns over high interest rates following strong economic data. The extension of voluntary oil cuts by Saudi Arabia and Russia also contributed to market uncertainty. However, the market remains cautious as the cuts will be reviewed monthly, and potential obstacles such as U.S. refinery maintenance and increased supply from Iran, Venezuela, and Libya could impact prices.
- Oil falls below $90 as markets shuffle back from supply jitters Reuters
- Crude Oil Price Forecast – Crude Oil Stalls FX Empire
- WTI Oil Prices Rising for Ninth Straight Session The Wall Street Journal
- Closing prices for crude oil, gold and other commodities The Associated Press
- Midday update for Crude oil 06-09-2023 Economies.com
- View Full Coverage on Google News
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