Oil prices were mixed on Tuesday as the US-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in Opec output.
A move on Sunday by Argentina to impose capital controls is also casting a spotlight on emerging market risks. Opec, Russia and other non-members, known as Opec+, agreed in December to reduce supply by 1.2-million barrels a day from January 1 2019. Opec’s share of the cut is 800,000 barrels a day, to be delivered by 11 members and exempting Iran, Libya and Venezuela.
Source: Financial Digest (financialdigest.net)
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