A quick look at the global oil market reveals supply disruptions, OPEC+ decisions, and shifting demand dynamics.
Economic slowdowns in developed Western economies will hit Middle Eastern and North African trade and capital availability.
Saudi Arabia, the kingpin of OPEC, and Iran announced in March that they would restore diplomatic relations after years of hostility, in a deal brokered by China, the world's No. 2 oil consumer.
Saudi Arabia and the OPEC announced they would cut their oil production in order to raise prices.
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