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YGRN - Weekly Energy Recap: All Eyes On OPEC+ Virtual Talks
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
As crude prices plunge, Iraq's oil sector is facing a triple threat that has slashed revenues, risks denting production and may spell trouble for future exports. (AFP file photo)
With the coronavirus pandemic cutting oil consumption across the world, the boom in demand for storing oil has been key in absorbing excess barrels from the market in recent weeks.
Oil prices jump by more than a quarter on expectations that OPEC+ will hold a virtual meeting to reinstate efforts to support the collapsing market.
Brent crude price rose to $34.11 per barrel and WTI increased