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After a key advisory committee for OPEC+ issued no recommendation on April output levels, oil futures soared at the expected quota increase. Saudi Arabia has continued to urge a conservative approach, while Russia leads several other OPEC+ members in their desire to loosen quotas.

Bullish OPEC+ expectations lead to 2% rise in Crude prices

After a key advisory committee for OPEC+ issued no recommendation on April output levels, oil futures soared at the expected quota increase. Saudi Arabia has continued to urge a conservative approach, while Russia leads several other OPEC+ members in their desire to loosen quotas.

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