Monthly Archives: April 2020

The biggest Oil cut in history is made, but the price isn’t reacted positive for now. Here’s my view of the possible move if $20 holds. CANCELED and updated on APril 15.

OPEC+ made a historic agreement and finalized plans on Sunday to steeply cut oil production by a combined 9.7 million barrels per day.  Also, the U.S. additional cuts are expected from producers outside the OPEC+ group, which means how they expected total global oil cuts to amount to more than 20 million bpd, or 20 percent of global supply, effective

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