- Reuters just reported that OPEC+ will cancel Wednesday meeting, because OPEC+ will keep its plan to gradually raise production starting in May!
- April 1, OPEC+ said it would gradually lift daily oil production by 350,000 barrels in May, 350,000 barrels in June, and 441,000 barrels in July and holding back around eight million barrels a day of output!
- MORE OIL = LOWER PRICE!