WATCH: Making sense of oil’s recent jump
Oil prices rose by more than 1% on Monday.
Added to this, Saudi Arabia had announced supply cuts for December, which are aimed at halting a market slump that has seen crude prices decline by 20% since early October.
SEB chief commodities analyst Bjarne Schieldrop joined Business Day TV to talk about the oil market and what may lie ahead.
Source: businesslive.co.za