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, effectiveRead more