Saudi Arabia, the world’s largest oil exporter, cut its official selling prices (OSPs) for oil deliveries to Asia in December, indicating weaker oil demand, Commerzbank’s commodity analyst Barbara Lambrecht notes.
Saudi Arabia, the world’s largest oil exporter, cut its official selling prices (OSPs) for oil deliveries to Asia in December, indicating weaker oil demand, Commerzbank’s commodity analyst Barbara Lambrecht notes.
Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave (3).
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