![Crude oil rose as investors decided to concentrate on a tighter supply](https://market-tracker.in/wp-content/uploads/2023/08/Crude-oil.jpg)
Crude oil rose as investors decided to concentrate on a tighter supply
Despite continuing macroeconomic uncertainty, crude oil achieved a rise of 0.43%, ending the day at $72.58. Investors were more interested in the tightening supply conditions. The voluntary supply cuts by Saudi Arabia and Russia were increased by a total of 1.3 million barrels per day until the end of the year, which improved market sentiment….