Europe, Africa oil markets tighten, lending support to futures

Red Sea shipping delays and OPEC+ supply cuts are tightening physical oil markets in Europe and Africa as well as the Brent crude market structure, lending further support to oil futures prices. But to what extent are the recent supply chain disruptions and OPEC+ production cuts contributing to rising oil prices? Rufas Kamau, Lead Market Analyst at FXPESA joins CNBC AFRICA for more on this.
Mon, 26 Feb 2024 14:43:21 GMT