- 14 Sep
Oil Prices Rebound as Markets Focus on Tighter Supply Outlook
Oil prices rebounded on September 14 as markets focused on tighter supply outlooks. The International Energy Agency (IEA) said that Saudi Arabia and Russia's extension of oil output cuts to the end of 2023 will mean a substantial market deficit through the fourth quarter. Gold prices also edged higher as investors anticipated a pause in interest rate hike at the US Federal Reserve's policy outcome on September 20.