SA: Oil surges as OPEC+ agrees not to boost production

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By LoadstarEditorial

04/03/2021

SEEKING ALPHA reports:

– 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.

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Now you may also want to read this: “Oil jumps more than 2% on U.S. inventory draw“.

And this: “Dow drops 400 points after Powell triggers a jump in yields, Nasdaq goes red on the year“.

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