Demand Concerns Keep Oil Prices Under Pressure

Oil prices fell on Tuesday morning as markets continued to focus on sluggish U.S. demand despite geopolitical uncertainty in Russia and promises of more robust economic stimulus measures from China.Chart of the Week- The review of OPEC+ production quotas at the oil group’s Vienna meeting earlier this month will consolidate the control of Middle Eastern powerhouses, to the detriment of African countries that have struggled to maintain output. - The five largest oil producers of OPEC+ (Saudi Arabia, Russia, Iraq, UAE, and Kuwait) all have…