Will OPEC+ increase production and push oil prices even lower in the coming weeks?
Oil prices have fallen for a third consecutive day, with Brent crude and WTI reaching their lowest levels in four months. This video explains how progress in US-Iran talks, the Strait of Hormuz remaining open, Saudi Aramco resuming crude loadings at the Ras Tanura terminal, and expected OPEC+ production increases have influenced global oil markets. We also examine UBS's revised Brent price forecasts and why analysts believe the market has not yet fully normalized despite improving supply conditions.
Keep updated, follow The Business Standard's Google news channel
