Oil prices rise with increased concerns of supply shortages

Prices are rising for the third week in a row, and both benchmarks are now at their highest level in ten months.
Photo: Jacob Ehrbahn
Photo: Jacob Ehrbahn

Oil prices are rising for the fourth trading day in a row as weak shale oil production in the US spurs further concerns about a supply deficit in the wake of continued production cuts by Russia and Saudi Arabia, Reuters reports.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading