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home / news releases / BNO - OPEC+ Won't Raise (Or Crash) Oil Prices By Much Only The Pandemic's Progress Will

BNO - OPEC+ Won't Raise (Or Crash) Oil Prices By Much Only The Pandemic's Progress Will

United States Brent Oil Fund LP ETV
  • The OPEC+ agreement has had a limited effect on oil price pre-COVID-19.
  • With the exception in March and April, OPEC+ news seems to have had a modest and short-term effect on oil prices since then.
  • Looking forward, the progress of the COVID-19 pandemic and the roll out of the vaccine will remain the main factor to move oil prices.
  • Even if OPEC+ members break their cooperation, this news is likely to have a limited adverse effect on oil prices.

For further details see:

OPEC+ Won't Raise (Or Crash) Oil Prices By Much, Only The Pandemic's Progress Will
Stock Information
Company Name: United States Brent Oil Fund LP ETV
Stock Symbol: BNO
Market: NYSE
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