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How Did Oil Markets Change Since ‘Black Monday’?
July 22nd, 2020 - 08:00 GMT

How Did Oil Markets Change Since ‘Black Monday’?

Oil prices continued their steady recovery on Tuesday as traders absorbed the significance of last week’s OPEC+ continuation of historic output cuts. Brent crude, the global benchmark, nudged the $45 level for most of the day, at one point hitting $44.89 — its highest in more than four months of tumultuous trading, and more than double its low point on “Black Monday” in April. The OPEC+ alliance led by Saudi ...
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