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Oil Prices Surge Ahead of OPEC+ Meeting; Powell Says Fed Ready to Act

Monday, 2 March 2020 13:42 WIB

Minyak WTI Minyak Mentah Minyak Brent

Oil prices surged on Monday in Asia ahead of the much-awaited OPEC+ meeting this week.

U.S. Crude Oil WTI Futures jumped 3.0% to $46.12 by 1:26 AM ET (05:26 GMT). International Brent Oil Futures gained 3.4% to $51.38.

Crude prices took their cue from a nosediving stock market to lose up to 16% this week for the biggest weekly tumble since 2008, before rebounding today.

This week, the EIA will issue its weekly supply-demand report on Wednesday, while OPEC will hold its members-only meeting on Thursday and talks with Russia and other allies on Friday.

Source : Investing.com

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