OPEC+ sticks with plan to gradually raise output - La Prensa Latina Media
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These Two Meetings Will Affect Oil And Gold Prices In May
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Oil rises towards $66 ahead of OPEC+ meeting
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OPEC could allow boosting oil output slightly from May 1
If the price falls below $60 support, the next target could be around $58
The crude oil price is advancing this Tuesday after the news that OPEC could allow boosting oil output slightly from May 1. The price of crude oil continues to trade above the $60 support level, but rising Covid-19 cases and new restrictive measures in some parts of the world could significantly reduce oil demand.
Fundamental analysis: OPEC could allow boosting oil output despite the situation in India
The crude oil price is advancing after the news that OPEC could allow boosting oil output slightly from May 1. This suggests that OPEC expects a stronger oil demand recovery in the second half of this year.