Speculations of OPEC Cut and USD Weakness Sent Crude Prices Higher
CQEChristiCrude oil prices rallied as US dollar softened and a report suggested OPEC has proposed to cut production with the help of non-OPEC countries. The front-month WTI contract initially rose to as high as 41.78 before ending the day 41.08, up +2.85%. The Brent contract rose to 44.69 earlier in the day before settling at 43.84, up +3.18%.
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Speculations of OPEC Cut and USD Weakness Sent Crude Prices Higher
