“The fall in oil is an OPEC+ punishment to breach members.” Commercial war?
The market lives a new commercial war in oil and OPEC+. The market anticipates up to two and three drops of types until July, which generates doubts of why the Fed and Powell wait to lower the types, explains Yuri Rabassa, Trader. The crude falls with force and the OPEC+ wants to punish breaches, responding to the US pressure relieving Saudi Arabia, “something similar to a commercial war in oil.”
