The moves came after both Brent and U.S. crude futures surged last week to their best week on record as Saudi Arabia called for a OPEC+ meeting, signalling there could be progress on a production cut. But tensions between Saudi Arabia and Russia, according to sources familiar with the matter.
The organization's March meeting ended with no deal after Russia rejected Riyadh's proposed output cut that had been made in a bid to prop up falling oil prices as the coronavirus outbreak sapped demand. This kicked off a price war between the two powerhouse producers. Developments on the global coronavirus virus pandemic will also continue to be watched, as concerns over the virus' economic impact have sent markets into a whirlwind in recent weeks. Globally, more than 1.2 million have been infected while at least 65,711 lives have been taken by the virus, according to data compiled by John Hopkins University., which tracks the greenback against a basket of its peers, was last at 100.753 after crossing the 100 level last week.
Oh , I thought Trump fixed the disagreement between SA & RU .
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