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Oil Prices Stay Bullish But Lose Some Exuberance

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Topics:
Oil Futures and Derivatives, Oil Prices, Crude Oil, Oil Products, Gasoline, Diesel/Gasoil
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Producer group unveils massive production cut as West pushes forward plans to cap Russian oil prices.
Wed, Oct 5, 2022
TotalEnergies CEO Patrick Pouyanne says the G7 plan to cap Russian oil prices is a "bad idea" that would end up helping Russia.
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Oil prices perked up by another 3% on Tuesday following Monday's 4% gain on the threat of Opec-plus cuts and diesel shortages.
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