08/04/2020
Crude oil still Underpressure.
Oil prices were up on Wednesday amid hopes that major oil producers will agree on output cuts to shore up prices during an emergency meeting of OPEC+ scheduled for Thursday. However, doubts remain whether the US will agree to make cuts in its crude production. On Friday, Saudi Arabia will host a video conference for energy ministers from the G20 aimed at stabilizing prices. The US crude traded around $24.4 a barrel and the Brent crude around $32.2 a barrel
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