Crude oil price on the Brent benchmark is slightly lower this Tuesday, as traders sit on the sidelines to wait for the outcome of the FOMC meeting. Before today crude oil prices have been on the upside for four straight days as concerns over tight supply outweigh the demand concerns arising from rising coronavirus cases worldwide. Economies are continuing with reopening efforts and ramping up of vaccinations, which continues to ramp up demand that currently exceeds supply capacity. In early July, OPEC Secretary-General Mohammed Barkindo had predicted a supply shortfall of 6 million barrels per day. For now, traders ... (full story)