OPEC+ source: OPEC+ wants to keep oil output cuts of 9.7 million BPD beyond June

Author: Greg Michalowski | Category: News

Four OPEC+ sources

Four OPEC+ sources are saying:
  • OPEC+ wants it to keep oil output cuts of 9.7 million BPD be on June and not to scale back
Given the oversupply and uncertainty of demand as a result of the coronavirus, the decision makes sense. 

WTI crude oil futures for July delivery is trading up $1.17 or 4.63% at $26.25 today

See here for global coronavirus case data
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