Goh: Long Mideast Conflict Hit Crude Product Prices

Oil took a breather after a six-day gain, as traders await signs of progress on reopening the Strait of Hormuz and the resumption of pre-war flows of oil and gas. The price reprieve comes as the International Energy Agency says the global oil market faces a shortfall of 1.8 million barrels a day this quarter, double an earlier projection. June Goh, Senior Oil Market Analyst at Sparta Commodities spoke to Bloomberg’s Abeer Abu Omar on the movements in the oil market. (Source: Bloomberg)