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19.03.2020 BRENT OIL Daily Analysis
Brent oil is failing to recover or even go over 30USD because Saudi Arabia and Russia committed to producing more barrels of oil and exporting
Yazar: Zack Smith
Yayınlanma: 19 Mart 2020 16:33
Güncellenme: 14 Kasım 2024 12:43
19.03.2020 BRENT OIL Daily Analysis
BRENT OIL 25.59 usd Brent oil is failing to recover or even go over 30USD because Saudi Arabia and Russia committed to producing more barrels of oil and exporting more oil without calculating well that the Corona Virus was going to affect their plans and they did not identify their oil clients very well. China even decided to continue decreasing its oil imports both from Russia and Saudi Arabia because there is a slow production of everything in Chinese business industries. Another reason that is making oil prices remain below is linked to the fear that people have towards the Coronavirus so the number of travellers keeps dropping drastically and there is no hope that many airline businesses are going to resume anytime soon.İLGİLİ HABERLER
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