Home Oil: Prices rising again – Danske Bank

Oil: Prices rising again – Danske Bank

Updated: 10 Oct. 2018 | 10:08

Analysts at Danske Bank note that the oil prices are on the rise again, now trading around USD85/bbl, on fears hurricane Michael could lead to supply disruptions in the Gulf of Mexico.

Key Quotes

“This comes after a decline yesterday when the International Energy Agency urged OPEC to up the output as markets enter ‘the red zone’. USD weakened slightly and equities were mixed in both the US and Asian sessions.”

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