Saudi Arabia’s proposed output cut send oil prices higher
The decision by oil producers not to increase output suggests fresh worries over the strength of the economic recovery amid a renewed spike in COVID-19 cases globally.
Saudi Arabia’s proposed reduction in output sent oil price benchmarks higher.
February WTI rose $2.31/bbl to close at $49.93/bbl on Tuesday while March Brent gained $2.51/bbl to $53.60/bbl.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
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