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11.03.2020 BRENT OIL Analysis

Brent oil started going up from 37.93usd to 39.59usd after the White House statement announced that Donald Trump had spoken with Saudi Arabia' Crown Prince

Yazar: Zack Smith

Yayınlanma: 12 Mart 2020 01:03

Güncellenme: 11 Kasım 2024 19:17

11.03.2020 BRENT OIL Analysis

  Brent oil started going up from 37.93usd to 39.59usd after the White House statement announced that Donald Trump had spoken with Saudi Arabia' Crown Prince Mohammed Bin Salman over the phone to discuss the global markets and how to support the prices of oil after the OPEC meeting failed. This call with the crown came after treasury secretary Steven Mnuchin told Russia' ambassadors that energy markets needed to be handled with the order before it causes bankruptcies. Novak also called for a meeting today with all Russian oil companies to discuss the possibility of future cooperation with OPEC so there is still hope for oil prices to get some support and that is why oil prices have been gaining.
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