Oil price barrels ahead as OPEC flags meeting

Oil price barrels ahead as OPEC flags meeting

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New York (AFP) – The price of crude oil surged again Friday after OPEC said it would talk to non-members, notably Russia, giving investors hope for an end to a price war which has created market chaos along with crushed demand because of the coronavirus.OPEC oil producers and their allies will meet Monday via video conference, a source close to the cartel said. And Russian President Vladimir Putin said his country was ready to cooperate with Saudi Arabia and the United States on a production cut.”There’s certainly a lot of optimism that a deal is going to be done,” OANDA analyst Craig Erlam to…

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Published at Sat, 04 Apr 2020 04:35:45 +0000

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