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Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases

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Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases

Workarounds for the Strait of Hormuz chokepoint and a drop in crude imports to China helped ease the impact of lost Persian Gulf oil.

Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases


Source:MarketWatch

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Sourcehttps://www.marketwatch.com/story/oil-is-set-for-the-largest-quarterly-price-drop-in-6-years-as-historic-supply-crunch-eases-57d52bab