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20.04.2020 BRENT OIL Daily Analysis

Brent is struggling to gain up to $30 BPD fo a very long time now even though China has eased the lockdown restrictions. The OPEC + members

20.04.2020 BRENT OIL Daily Analysis
Yazar: Zack Smith

Yayınlanma: 20 Nisan 2020 21:31

Güncellenme: 16 Kasım 2024 07:40

20.04.2020 BRENT OIL Daily Analysis

BRENT OIL 27.38usd, -0.70, -2.49% Brent is struggling to gain up to $30 BPD fo a very long time now even though China has eased the lockdown restrictions. The OPEC + members even agreed to lower production levels by 9.7 million barrels per day starting next month, this was done to support the prices of oil but the commodity keeps on going down because the coronavirus keeps on pushing down the demand even lower since the cases right now worldwide have reached 2,415,384.  
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