VIDEO: Global oil outlook: five factors to watch in week six
LONDON (ICIS)–Oil prices may be in for a bumpy ride in February as interest rate hikes by major central banks battle tight supply caused by the EU ban on refined Russian oil products.
OPEC+ removed themselves from the situation, stating they will be sticking to their 2m bbl/day output cut amid uncertainty surrounding China’s economic recovery and the loss of Russian oil products from the market.
Watch ICIS market experts identify this week’s five main crude oil price drivers.
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