Oil market 'oversold'? Analysts and traders pin crude's price plunge on demand, trading strategies

Oil prices declines despite supply cut extensions from the OPEC+ alliance, with traders and analysts faulting the options market and weak demand.

Jun 6, 2024 - 00:00
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Oil market 'oversold'? Analysts and traders pin crude's price plunge on demand, trading strategies
Oil prices declines despite supply cut extensions from the OPEC+ alliance, with traders and analysts faulting the options market and weak demand.