Oil holds near USD30, caught between demand loss and supply cuts

Oil holds near USD30, caught between demand loss and supply cuts
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15.05.2020

MOSCOW (MRC) -- Oil prices edged higher on Wednesday, reversing earlier losses, and Brent held near $30 a barrel as potential OPEC+ plans to deepen supply cuts were tempered by demand concerns exacerbated by a possible second wave of coronavirus infections as countries ease lockdowns, reported Reuters.Brent crude was flat at USD29.98 a barrel by 1332 GMT, after hitting a low of USD28.92 a

Full article at mrcplast.com

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