We wish our readers who are celebrating the holidays a joyful Easter and Passover (and in advance, we wish Eid Mubarak to those who will celebrate it later this month).
OPEC+ (that is, OPEC plus Russia) made a surprise announcement of production cuts on Monday, bringing the cartel’s total cuts since October to a decrease of 3.66 million barrels per day. The price of crude oil immediately rose 6% in response, registering the largest one-day price spike in a year.
