Words pushed prices higher, but for how long
Oil prices have staged a recovery over the last few weeks as members of OPEC and other large producers like Russia discuss the possibility of a production freeze. News that the world’s largest producers would stop adding new production to the market was warmly welcomed as oil prices climbed above $40 per barrel for both WTI and Brent crude, but as inventories continue to build, prices are beginning to give back gains as the market waits for actual changes, not just words.

Neil Atkinson, head of t...

Legal Notice