Crude Oil: Do We Know Anything About Joe Biden's Negotiations With Saudi Arabia?

Commodities: EU Members Manage To Agree On Price Caps For Russian Oil

WTI Starts The Week On A Positive Ground

West Texas Intermediate (WTI) begins the week with a rebound after slipping to a low of $92.75 on Monday in Asia. The black gold price increased despite market fears related to lockdowns in China. The gain came after the dollar edged lower from its 20 years high.

Meanwhile, U.S. President Joe Biden's promise of increased oil supplies looks to be unachievable following his visit to Saudi Arabia, without a firm commitment from Saudi Arabia to increase their production.

Disclaimer: Any information contained on this post is provided as general market information for educational purposes only, and does not constitute investment advice.

Commodities: EU Members Manage To Agree On Price Caps For Russian Oil

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