CL1:COM
Oil surges as OPEC+ agrees not to boost production
- WTI crude oil (CL1:COM) has jumped nearly 5% to $63.90 per barrel as
headlines out of the OPEC+ meeting hit.
- Brent crude (CO1:COM) +5% to $67.29/bbl and WTI +4.9% to $64.28/bbl
after OPEC and its partners decided to roll over its current production
cuts for another month.
- Not only will Saudi Arabia keep its voluntary 1M bbl/day cut for a
third straight month in April, OPEC+ also will not raise its production
by
500K bbl/day, as had been discussed previously.
- ETFs: USO, UCO, BNO, SCO, USL, DBO, USOI, NRGU, OILK
|Today, 11:06 AM|113 Comments
Oil surges as OPEC+ agrees not to boost production
- WTI crude oil (CL1:COM) has jumped nearly 5% to $63.90 per barrel as
headlines out of the OPEC+ meeting hit.
- Brent crude (CO1:COM) +5% to $67.29/bbl and WTI +4.9% to $64.28/bbl
after OPEC and its partners decided to roll over its current production
cuts for another month.
- Not only will Saudi Arabia keep its voluntary 1M bbl/day cut for a
third straight month in April, OPEC+ also will not raise its production
by
500K bbl/day, as had been discussed previously.
- ETFs: USO, UCO, BNO, SCO, USL, DBO, USOI, NRGU, OILK
|Today, 11:06 AM|113 Comments
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