Oil prices continue to weaken as the markets factor in lower demand with the end of the North American summer ahead and Asia’s requirements unlikely to increase in the near future
Oil prices continue to weaken as the markets factor in lower demand with the end of the North American summer ahead and Asia’s requirements unlikely to increase in the near future. Some producers are preparing contingency plans for a barrel price of as low as $30 and maintenance by refiners is likely to see US stockpiles grow in the months ahead.
