Oil jumps 2% as tight supply outweighs recession, China demand fears - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Tuesday, 14 June 2022

Oil jumps 2% as tight supply outweighs recession, China demand fears

"The continuing squeeze on refined products globally, as well as a lack of investment to bring online more supplies from OPEC members, or other sources, means lost Russian production is nowhere near being covered by global markets," said Jeffrey Halley, senior market analyst at OANDA, in a note.

from Commodities-Markets-Economic Times
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