Top oil producers have agreed to slash output by almost 10 million barrels a day to shore up markets, and the deal took effect last week. – EPA pic, May 4, 2020.
OIL prices today fell after making strong gains last week, with continued concerns about oversupply and storage capacity due to a coronavirus-triggered demand shock overshadowing massive output cuts.Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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