Make 60% As OPEC Cuts Output

🛢️ 🛢️ WTI Crude Surges 5% After OPEC Output Cut
OPEC+ announced it was slashing output by 1.16 million barrels per day. In addition to Saudi Arabia’s output cut of 500,000 barrels per day, other member states have also pledged cuts: the UAE will be cutting output by 144,000 barreld per day, while Kuwait, Oman, Iraq, Algeria and Kazakhstan will also be reducing output
What This Cut Means
ANZ: The probability of reaching $100 before the end of the year “certainly has increased following these measures. This measure does send a pretty strong signal to the market that they’re going to support prices”
Vanda Insights: “The move has the potential to push the market into a deficit in the second quarter, versus earlier expectations of a surplus”
How To Make Money
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Oilix Oil Fund Has Made 6.91% So Far And Final Payout Is On 9 Apr
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