A very interesting piece of news is coming to market that has oil trading at a loss today. Some OPEC countries are considering exempting Russia from the production cut/supply restoration agreement. Such a move would give room for Saudi Arabia or the UAE to produce more oil. However, this information is not confirmed by OPEC (this information is given by WSJ).
Oil immediately loses over USD 1.5 per barrel. Source: xStation5
Daily summary: Risk-off takes over 📉 US stocks plunge, while dollar and oil rebound sharply 💸
Wheat tries to continue the uptrend despite improving US weather🔎What's next?
Morning Wrap: Ceasefire Fuels Wall Street Gains, but Political Uncertainty Remains
Daily Summary: Unilateral Ceasefire Sufficient for Wall Street