OPEC Basket Price Takes A Huge Jump -- June 2, 2020

OPEC basket, huge jump? That's what the official OPEC website shows. If this is what OPEC is truly getting, it's a huge jump but for Saudi Arabia there is still a lot of ground to make up. See this link. See this post.

Overnight, I saw two headlines:

• production cuts likely to be extended;
• Putin and Trump discuss future of oil market.