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Crude Oil Prices Rise As Hopes Endure For Russia, Saudi Deal

From dailyfx.com

Crude oil prices rose through Monday’s Asia Pacific session as investors clearly retain some hope that the price war between Russia and Saudi Arabia which has piled pressure on a market already wrecked by the coronavirus can be brought to an end. Prices had been under pressure as the session got underway on reports that a meeting of the Organization of Petroleum Exporting Countries and allies including Russia, the so-called ‘OPEC Plus’ group, wouldn’t be held until Thursday. Hopes that it would happen on Monday of this week buoyed prices last. However, while investors took the delay badly at first, they seem more ... (full story)

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