Oil Rally likely Short-lived as Coordinated Output Cut Could Take Long to Materialize

<p>Crude oil prices rebounded yesterday, on speculations that Saudi Arabia and Russia might agree to cut output. Donald Trump noted on Twitter that he expects that Saudi Arabia and Russia will reduce oil production by “approximately 10M bpd, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry”. […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/oil-n-gold/285051-oil-rally-likely-short-lived-as-coordinated-output-cut-could-take-long-to-materialize/">Oil Rally likely Short-lived as Coordinated Output Cut Could Take Long to Materialize</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>