OPEC+ could have another Webinar Virtual Online meeting regarding Extending Production Cuts as soon as June 4, 2020 replacing the June 9-10, 2020 scheduled meeting. Source: OPEC.org
International Benchmark Brent Up to 38.04/bbl July Contract as of 10 minutes ago. Source:. OilPrice.Com
Hopefully, we will see $40/bbl sooner than they anticipated. Brent is at it’s highest since the crisis.
Obviously, Oil Traders see potential in the future of Crude Oil because it is still in Contango in comparison to Prompt or Spot Pricing
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