"The reduction in OPEC+ crude oil exports should help tighten market supply and push oil prices up to $90 per barrel in the next few weeks," said analyst Giovanni Staunovo in a report. Due to the hot weather in the Middle East, domestic oil demand of member countries has boosted, leading to a decline in exports this month compared to June. Staunovo said that Russia's export decline is greater than the normal seasonal level, indicating that the country is reducing exports to compensate for past production exceeding OPEC+ quotas.
瑞银：油价未来几周将突破每桶90美元
UBS Group: Crude oil products will exceed $90 per barrel in the next few weeks.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.