Crude Oil Futures Find Stability Amidst Volatility: Saudi Arabia’s Output Cut and Global Economic Concerns Shape the Market
Introduction: Crude oil futures experienced a period of heightened volatility earlier in the week, but have since steadied above $72 per barrel. Traders find themselves carefully weighing the prospects of tighter supplies against concerns about weakening global demand. Notably, Saudi Arabia, the world’s largest oil exporter, made a significant announcement over the weekend, stating its…
