Oil prices double in three-month recovery from ‘Black Monday’ – ZAWYA

Oil prices double in three-month recovery from ‘Black Monday’ – ZAWYA

oil prices double in three-month recovery from 'black monday' saudi aramco is a major supplier to china, and has been raising its selling prices there as demand has picked up again    dubai: oil prices continued their steady recovery on tuesday as traders absorbed the significance of last week's opec+ continuation of historic output cuts.brent crude, the global benchmark, nudged the $45 level for most of the day, at one point hitting $44.89 “” its highest in more than four months of tumultuous trading, and more than double its low point on "black monday“ in april.the opec+ alliance led by saudi arabia and russia have moved to stage two of their deal, adding about 2million barrels per day (bpd) to the global market, much of it for domestic summer consumption.brent crude, the global benchmark, nudged the $45 level for most of the day, at one point hitting $44.89 “” its highest in more than four months of tumultuous trading, and more than double its low point on "black monday“ in april.dubai: oil prices continued their steady recovery on tuesday as traders absorbed the significance of last week's opec+ continuation of historic output cuts.the opec+ alliance led by saudi arabia and