Oil On Course For First Monthly Decline In 8 Months ...Middle East

Oil prices may be heading for their first month of declines since November as fears intensify about the global economy swinging into a recession, in large part because of high oil prices. As OPEC+ meets today to discuss production policy, with no surprises expected from the extended cartel, both Brent crude and West Texas Intermediate have been trending down over the past four weeks. The decline can be attributed to central banks rushing to tighten monetary policy in the face of persistent inflation in a bid to put a lid on it. However, there is…

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