Sharp cuts in Saudi OSPs – A warning that further unilateral cuts are unlikely
Last week, Brent crude experienced a notable gain of USD 1.
7/b, concluding Friday at USD 78. 8/b, propelled by escalating risks in the Middle East.
However, this morning, we are witnessing a 1% retreat in Brent prices to USD 78/b, attributed in part to a broader market weakness in industrial metals and equities.
Adding to the.