Oil prices:
- WTI: up 5.11%; up $3.13; trading at $64.41
- Brent: up 5.10%; up $3.27; trading at $67.34
- OPEC basket: down 3.53; down $2.27; trading at $61.97
Or is it this? ZeroHedge attributes surge in oil prices due to OPEC+ agreement to keep output unchanged. Link here.
See also: SeekingAlpha.
It will be interesting to see if US oil companies stay focused on free cash flow rather than on production.
