OPEC
- Cuts forecast for global demand for its crude by 700K bpd in 2020 and 1.1mln bpd in 2021
- Oil output rose by 760,000 to 24.05 mlnbpd as OPEC+ eased supply cut
- Compliance not at 103%
Oil rising higher. Now at 37.27. Probably not as bad as the market was fearing. High compliance is good, especially with compliance normally an issue.
