Weekly

US stocks fall gives crude a shot in the arm

Slip in prices early in week, amid expectations of supply increase by key producers, reversed after bigger-than-forecast drop in storage levels, plus predictions for strengthening demand

See-saw effect: any price drop resulting from an increase in supply by the world's main producers is likely to be limited by the effects of sanctions on Iran and spiralling production problems in Venezuela (pictured)
See-saw effect: any price drop resulting from an increase in supply by the world's main producers is likely to be limited by the effects of sanctions on Iran and spiralling production problems in Venezuela (pictured)
  • Nassir Shirkhani
London
Oil price
Published 14 June 2018, 22:00Updated 13 June 2018, 19:10