Last Wednesday, Oil improved recovering from a 1% decline in the previous trading session, backed by producers analyzing further production/reductions in an effort to protect global oil demands from China’s coronavirus outbreak. U.S. West Texas Intermediate (WTI) crude futures grew 42 cents to $50.00 a barrel. Brent crude oil futures rose 44 cents, to $54.39 a barrel. OPEC and its partners led by Russia, examined the influence on global oil demand, and economic progress of the coronavirus outbreak at a gathering on Tuesday. Producers are considering further production cuts and planning a policy meeting in February rather than March.
Safe haven gold is steady for now
Report settimanale - 10/02/2020