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Oil Price War Ends!

The OPEC+ cartel agreed to cut production by 9.7M bpd in May and June and pledged to increase cuts to nearly 20% of the global supply if necessary. Crude oil opened 9% higher on Easter Monday but traders were quick to discount the spike on… Read More

OPEC+ Offer Optimism

Oil production cut talks supported a relief rally yesterday after a huge drop following a huge API stocks report. There will be more clarity after Thursday's video conference, however, until then the crude oil is poised to move lower as the… Read More