Oil prices are likely to trend downwards shortly due to an increase in OPEC’s production to 32.9mbpd in July, the highest level since the output deal in November 2016.
Another imponderable that could trigger an oil price surge is the simmering flashpoint in the Korean Peninsula.
The good news is that external reserves are now at a 25-month high of $31.22bn.
The attached bulletin addresses these and other issues in the domestic markets.
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