OPEC Cuts Demand, Where Next for Oil?

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OPEC Cuts Demand, Where Next for Oil?

OPEC has cut its 2022 forecast for growth in world oil demand and trimmed next year’s figure.

Joe Biden was quick to speak out about this decision as he said there would be consequences for Saudi Arabia.

The US president sees it as an insult and a blatant display of siding with Moscow.

WTI is expected to creep up to the $100 level, but with this news release, will it be sooner rather than later?

Timestamps

USOIL 01:35

UKOIL 03:05

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