Oil Has Worst Week in Months; UAE’s OPEC Deal Could Open ‘Can of Worms’

  • Date: 18-Jul-2021
  • Source: Yahoo News
  • Sector:Economy
  • Country:Gulf
  • Who else needs to know?

Oil Has Worst Week in Months; UAE’s OPEC Deal Could Open ‘Can of Worms’

By Barani Krishnan

Investing.com - Oil prices had their worst week in months even after crude prices edged higher Friday, as the market absorbed news that the United Arab Emirates had a deal with OPEC+ that at least one hedge fund said could open "a can of worms" on the cartel’s output.