Tortoise Portfolio Manager Matt Sallee in Bloomberg

Oil’s Rally Hinges on What Happens at Next OPEC+ Meeting

  • Futures in New York close at highest since early March
  • Saudis, Russia pressing Iraq, Nigeria over output compliance

Oil closed at the highest level since early March, buoyed by optimism that OPEC+ will rebalance the market. But the rally could turn on what happens at the alliance’s June meeting.

Read more here: https://www.bloomberg.com/news/articles/2020-06-03/brent-crude-erases-gain-as-opec-meeting-in-doubt-over-cheating

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