Tag
OPEC+ DEAL
Some oil markets are beginning to react to the unprecedented deal agreed by OPEC and its allies, together with other major oil producers.
Oil prices slumped more than 50 cent a barrel on Monday, even after major producers agreed their biggest-ever output cut.
The Organization of Petroleum Exporting Countries (OPEC) and its allies finally agreed to a historic crude oil output cut that is expected to help stabilize the oil market after the devastation caused by the Coronavirus pandemic.