25 April 2024
ANALYSIS: Numb oil market shrugs off huge OPEC+ cuts, but deal duration buoys bulls
Publication date: 14 April 2020
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It is the biggest oil supply cuts deal in the history of OPEC. Yet the month-ahead price of oil has resumed falling after OPEC and non-member allies led by Russia struck an unlikely agreement over the Easter weekend to remove almost 10% of global supply from the market in May and June, and despite presidential rumours of ...