27 days ago • Posted by Ajmir Omid
#Oil shows no weakness despite OPEC comments #opec #energy #trading
Oil futures fell in the early Thursday session on reports that OPEC could start to pump crude to make up for a drop in Russian production caused by Western sanctions. However, futures are recovering, with prices now almost flat on the day as traders are skeptical about OPEC members' ability (willingness) to pump more. Previously, OPEC had committed to pumping more oil but failed to increase production.