Crude oil price headed into the week with a rebound after last week’s fall. The commodity’s rise by more than $1 a barrel at the weekend meant it recorded its first weekly gain in three weeks. Analysts attributed this increase to a favourable U.S. jobs report and resumed trade talks between the U.S. and China, raising hopes for growth in the world’s two largest economies.
The OPEC+ alliance may be boosting oil-production quotas at a significant pace in a push to restart idled capacity, but that shift has yet to translate into big gains in actual output, according to Morgan Stanley.
Curious Minds Corner
Why does natural gas smell like rotten eggs if it’s naturally odorless?
A foul-smelling chemical (Mercaptan) is deliberately added as a safety measure so leaks can be easily detected by smell.