Want to create an interactive transcript for this episode?
Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: When will the oil price rally resume?
Description: Oil has posted a modest decline in recent days amid signs that supplies are rebounding while concerns linger about demand in China, the world’s biggest crude importer. Observed exports from Iran have surged to 2.2 million barrels a day this month, and Turkey and Iraq have held a sudden flurry of talks as they seek to restart a major oil pipeline. Efforts by OPEC+ linchpins Saudi Arabia and Russia to curb production have tightened the market. However, the demand outlook in China is clouded, and there are signs US interest rates will need to...