Oil launched the week with massive decline. Brent and WTI dropped around 8% at the open after OPEC+ meeting has been postponed to, at least, Thursday, April 9. Postponement is said to be caused by a rift between Saudi Arabia and Russia. However, oil has been steadily rising throughout the Asian session and has already retraced more than a half of the drop.
Oil price dropped significantly on OPEC+ meeting postponement. However, recovery is underway. Source: xStation5
NATGAS surges 5% reaching 3-year high 🔎
3 markets to watch next week (05.12.2025)
Daily Summary: Market treads careful, awaits inflation and FED
🛢️ Natural Gas Close to $5