💡 Does Crude Oil price drop? 💡
• OPEC+ cartel has agreed to increase oil supplies by 1,00,000 barrels a day in September
• That increase is significantly less when compared to July and August of about 6,00,000 barrels per day
• On the other hand, the demand for crude oil is increasing from US and China since the COVID situation in China is getting better
• There won’t be a significant drop in Crude oil price as the supplies have not increased significantly
What do you think, will the price go up or down? Please share it in the comments section