Oil quotes are declining despite success of the OPEC-Russia deal. In total, OPEC + will cut production by 10 million barrels per day, as Russia and Saudi Arabia pledged to cut production by 2 million barrels per day.
Coronavirus update: The situation in the US is stabilizing. Although the number of infected is very high (466 thousand), the increase is less than 7% per day (+33 thousand per day). Death rate is also slowing down (approximately +1,900 per day). This signifies that stabilization will come in the following weeks.
In Russia, the number of infected has increased by approximately +15% per day.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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