War News – 3 April, 2023
Oil Jumps 7% After Surprise OPEC Production Cuts; Russia & India Adopt New Oil Benchmark, ABANDON European “Brent” crude pricing Prices for a barrel of oil jumped 7 to 8% last night in pre-market trading, after OPEC+ announced a reduction in oil production of about 1.1 Million barrels per day. Last night, oil hit $80.98 per barrel, and continues to rise today: As this story is written, 10:04 AM EDT on April 3, 2023, The West Texas Intermediate contract jumped 5.74%…