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06.04.2020 BRENT OIL Daily Analysis

The catalyst for  Friday’s Brent oil gains was the confirmation that OPEC+, an alliance of major oil producers including Saudi Arabia and Russia

06.04.2020 BRENT OIL Daily Analysis
Yazar: Zack Smith

Yayınlanma: 7 Nisan 2020 13:15

Güncellenme: 14 Kasım 2024 22:27

06.04.2020 BRENT OIL Daily Analysis

BRENT OIL 33.04usd, -1.07usd, -3.72%    The catalyst for  Friday’s Brent oil gains was the confirmation that OPEC+, an alliance of major oil producers including Saudi Arabia and Russia, will meet on Monday to discuss supply cuts and last week is when the Brent oil had highest gains but today the prices went down with almost 4percent  trading on 33.04usd. The slide was triggered with the postponement of the meeting till the 9th of April after Saudi Arabia and Russia started blaming each other for the price crash that was happening throughout March.  
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