Oil prices rose slightly amid geopolitical tensions, particularly the Ukraine attack on Russian refineries that has strained supply, as well as low inventories in the US.
However, the global demand outlook is weak due to the US trade war and the risk of an economic slowdown. The market is awaiting the OPEC+ decision later this week, which is expected to maintain stable supply.
Oil prices at the time of writing were at $68.86
DISCLAIMER
Note: This article is analytical for analytical purposes only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
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