Oil Prices Rise Ahead of Crunch OPEC Meeting - Prices lifted by expectations major producers will agree to slash output
Oil prices rose ahead of a meeting where major producers are expected to agree on big output cuts to bolster energy markets laid low by the coronavirus pandemic. Thursday’s virtual meeting of OPEC and its partners is fraught with uncertainty, said Saad Rahim, chief economist at Swiss commodities trader Trafigura. “This may be the hardest meeting I’ve seen to call going into it,” Mr. Rahim said. “All sides agree a deal needs to get done. I don’t think they agree on what a deal looks like.”
This article was originally published by Dow Jones Newswires on the 9 April 2020.
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