Crude oil prices climbed higher this Monday, mostly on the back of risky sentiment as traders pinned their hopes on faster global economic recovery and better manufacturing conditions. However, sentiment on crude oil could quickly switch to a bearish one as the boost in oil output by the OPEC+ alliance is expected to kick in this month. The dampening effects of the coronavirus situation in India, the world’s third-largest oil producer, could also kick in. Fuel sales have reportedly dropped due to weak demand, as India recorded 300,000 new coronavirus cases for a 12th straight day. Crude oil prices could also face ... (full story)