Oil price sanity may return on Saudi-Russia truce hopes
But some experts warn of possible disappointment
Singapore
SOME sanity could shine on crude this week on hopes of a reprieve to the Riyadh-Moscow oil row after the commodity's epic roller-coaster ride last week that began with a big leg below US$20 a barrel, followed days later by a momentous 25 per cent upswing.
Much of that will rest on the rhetoric and eventual outcome of an emergency meeting, a rather tricky one, on Thursday among Opec (Organisation of the Petroleum Exporting Countries) and allies to discuss output cuts as oil prices are ravaged by the Covid-19 pandemic.
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