Brent at record highs, supported by possible further OPEC+ production cuts

petroleo gruaCM

Norbolsa| Brent oil prices remain at their highest levels in recent weeks, supported by expectations of lower US rates, further production cuts by OPEC+, following the reductions already announced by Russia and Saudi Arabia, and hopes for a recovery in demand in China.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.