FXTM’s outlook for global oil markets

PUBLISHED: Fri, 03 May 2019 10:31:25 GMT

Oil prices fell today as US crude production led to a surge in inventories, with the looming effect of this hitting global markets soon. Although for now , outside the US, the oil markets remained solid amid the political crisis in Venezuela, the stricter US sanctions against Iran and OPEC continuing to withhold supply. Lukman Otunuga, Research Analyst at FXTM joins CNBC Africa for more.

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