According to Energy Intel Amena Bakr, OPEC mebers are discusing potential 2 year deal. Possible cuts of 10-12 mln bpd would start in May and last until the end of June, followed by additional cut of 8 mln bpd from July to December 2020 and 6 mln BPD cut from January 2021 to April 2022.
Daily Summary: NFP Spooks Wall Street, Oil Back Near $100
🚩 Cocoa futures down 3.5% as ICE inventories rise to 2-year high
🛢️Brent Crude Nearing $100
Chart of the Day: Wheat rebounds 3% after pulling back from multi-year highs 📈