Oil prices have faced renewed selling pressure over the past two days, sliding around 2.6% at the time of writing. Is a retest of the $70 a barrel mark on the cards?
Oil prices shook off the COP28 deal to phase out fossil fuels as OPEC+ doubles down on its demand forecasts for 2024. Will the IEA report due tomorrow concur with the cartel?
Oil prices remain under pressure as fund managers ramp up their bearish outlook and the IMF warns of the pitfalls to global growth should the global economy fragment into two blocs.