Rebound in Crude Oil Price to be Short-lived as OPEC+ Cut Can Hardly Balance Market

<p>Crude oil prices jumped amidst more optimistic news above coronavirus vaccine. The market also anticipates OPEC+ to extend the output cut deal until 1Q2021. For the latter, it appears that most OPEC+ producers agree to extend the cut as global oil demand should remain weak for the year ahead. Yet, we doubt if further cuts […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/oil-n-gold/341230-rebound-in-crude-oil-price-to-be-short-lived-as-opec-cut-can-hardly-balance-market/">Rebound in Crude Oil Price to be Short-lived as OPEC+ Cut Can Hardly Balance Market</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>