Crude Oil Prices Rally on OPEC/Non-OPEC coordination. US Oil Rigs Jumped Most in More than a Year
CorneliusGrunwalCrude oil prices rallied as non-OPEC producers announced over the weekend that they would coordinate with OPEC member in production cut. The front-month WTI contract has gained +2.44% while the Brent contract has been up +2.31% at the time of writing this note, after a modest pullback last week.
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Crude Oil Prices Rally on OPEC/Non-OPEC coordination. US Oil Rigs Jumped Most in More than a Year
