Oil prices rise on tight supply as attention turns to OPEC+ meeting - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Thursday, 28 July 2022

Oil prices rise on tight supply as attention turns to OPEC+ meeting

"Oil prices have little chance of (posting) deep losses on the back of a weak U.S. dollar and the ongoing supply crunch," said CMC Markets analyst Tina Teng. Oil typically rises when the dollar falls as a weaker dollar makes crude cheaper for buyers holding other currencies.

from Commodities-Markets-Economic Times
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