Crude Oil Prices Firm in Sharp Fall in US Inventory and Better Demand Outlook. Upside Limited as OPEC+ to Raise Output

<p>Crude oil prices climbed higher on more upbeat demand outlook and huge decline in US inventory. However, the upside would likely be limited as OPEC+ is prone to taper output cut, by 2M bpr, to 7.7M bpd from August. In the latest energy reports, all three major agencies revised upward their forecasts on global oil […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/oil-n-gold/311027-crude-oil-prices-firm-in-sharp-fall-in-us-inventory-and-better-demand-outlook-upside-limited-as-opec-to-raise-output/">Crude Oil Prices Firm in Sharp Fall in US Inventory and Better Demand Outlook. Upside Limited as OPEC+ to Raise Output</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>