Oil is on course for its best month since Russia invaded Ukraine as recession fears die down and Saudi Arabia cuts supply

Oil is on course for its best month since Russia invaded Ukraine as recession fears die down and Saudi Arabia cuts supply

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None Benchmark oil prices are up 16% in July, putting the commodity on pace for its best month since January 2022. • None Optimism around global growth has helped fuel the rally. • None Supply cuts by OPEC+ leaders Saudi Arabia and Russia have also squeezed crude prices higher. Oil is on course to…

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