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
The OPEC nations have agreed to "a different limit reduction of about 23 per cent", said US President Donald Trump
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