Oil price unstable

Traders speculate on a possible global recession as stock markets gyrate

Alan Bailey

Petroleum News

Analysts attribute the recent gyrations in the price of oil to concerns that a global economic recession may be on its way. After a brief respite following an OPEC announcement of production cuts earlier in December, oil prices continued on a downward trajectory, with Brent crude slipping to around....

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IEA monthly report

Saudi Arabia, Russia and US