On Wednesday, oil advanced recovering from a 1% drop in the previous trading session, supported by producers considering additional production reductions in an attempt to defend a possible pressure toward global oil requests emerging from China’s coronavirus outbreak. US West Texas Intermediate (WTI) crude futures rose 42 cents to $50.00 a barrel. Brent crude oil futures advanced 44 cents, to $54.39 a barrel. The OPEC and its partners that includes Russia, considered the impact on global oil request, and economic progress in light of the coronavirus outbreak at a gathering yesterday. Producers are considering additional output cuts and are preparing for a policy meeting in February instead of March.
Dow moves up 400 points
Analisi Giornaliera - 05/02/2020