Looking Back: Oil trades in Narrow Range Since 2022 on OPEC+, Sanctions and Demand Worries

Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries (Reuters) – Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor under prices while sizeable spare capacity, demand uncertainty and sanctions policy prevent the market breaking higher. After … Read more