7:07 AM · 3 April 2020

Oil jumps as OPEC+ agrees to meet

Oil prices jumped on Friday morning with WTI testing the $25 handle. The move was triggered by reports that OPEC+ scheduled a meeting for Monday, April 6. Output cuts are likely to be in focus after Donald Trump hinted on them in a tweet yesterday. US President said that cuts will amount to 10-15 mbpd.

OIL.WTI jumped and tested the $25 handle. However, price remains still far off yesterday's highs. Source: xStation5

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