Global fuel market is looking for some direction while Iran sanctions are in place

World oil indexes have been falling during the week. Concerns about demand continue. The trade dispute between the United States and China threatens growth in the world’s two biggest economies and currency weakness is pressuring economies in Asia, including India and Indonesia. On the supply side, oil is ample despite the sanctions against Iran as output from the world’s top three producers – Russia, the United States and Saudi Arabia – is rising.

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