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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Will oil prices continue to spiral downwards?
Description: Oil prices rose initially in the immediate aftermath of Saudi Arabia's unilateral decision to reduce output by a million barrels per day from July. However, prices have since declined after analysts highlighted rising global supplies and concerns about demand growth just ahead of key inflation data and a US Federal Reserve meeting that concludes on Wednesday. So what is the price outlook for global benchmarks moving forward? On Money in the Market, Hongbin Jeong speaks to Kang Wu, Head of Global Demand and Asia Analytics CEO for S&P Global Commodity Insights, to f...