Crude oil markets are pricing in a fair amount of uncertainty at the current levels, Das said. That's why oil had dropped below $60 for a time-before the West Asia tensions pushed it back up
The meeting comes after Trump imposed tariffs on Mexico, Canada and China, America's top trading partners, in a move that roiled financial markets and gave oil prices some support
Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Biden as US President, close sources said and would miss Trump who helped bring about a record oil output cut
This year's budget agreement includes the sale of about 100 mn barrels of crude oil - about 15 per cent of the reserve - as US oil production recently hit a record at more than 10 mn barrels a day
