Oil Price Slide Triggers Demand Jump and Slight Rebound ...Middle East

Low oil prices have done what they always do, boosting demand for the commodity. This, in turn, has led to a change in oil’s fortune, seeing Brent recover to over $60 per barrel and West Texas Intermediate bounce from the mid-50s. At the time of writing, Brent crude was trading at $61.19 per barrel and West Texas Intermediate was changing hands for $58.03 per barrel, both reversing an extended rout that began in late April amid President Trump’s push for more favorable trade conditions for U.S. companies via tariffs. OPEC+ policies…

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