Crude oil futures were priced at $79.98. That’s down from -$1.24, or -1.53%.

  • The OPEC+ meeting will take place virtually on Sunday. A change in production is not expected.
  • The price cap for Russian oil is said to be $60
  • The Russian sanctions will also come into effect, banning all imports of Russian imports. These end on Monday.

So there are a lot of balls in the air that could affect the supply. On the demand side, China’s Covid policies remain a wild card for global…

Source link