Crude Oil Drama Unfolds
So let me get this straight crude oil prices hit rock bottom crawled back up but still managed to end the week in the red? Sounds like a typical day in the life of an oil trader!
OPEC's Virtual Hangout
OPEC and its buddies led by Russia are having a virtual meeting to discuss production policy. It's like a Zoom call but instead of discussing weekend plans they're deciding the fate of global oil prices.
Analyst Insights
"Macroeconomic developments have been failing to provide meaningful support for oil." Well Tamas Varga it seems like oil has some serious FOMO trying to stand out in a sea of market trends.
Supply Cushion or Safety Net?
With nearly 6 million barrels per day of supply cushion in the market it's like having an emergency stash of runs in a cricket match. You never know when you'll need it!
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