4:19 PM · 6 March 2020

BREAKING: OPEC talks without a deal, WTI drops below 2018 lows

For the first time in six years OPEC talks ended without a deal. Russia has rejected the offer of additional cuts. The price of WTI oil has broken lows from 2018. The main question which may be asked now is if the OPEC+ will even extend current production cuts agreement. Without it, there is a possibility to fall in vicinity od 30 USD per barrel.

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