#39;Oil prices may settle around $40-50 in short term; a second wave could be disastrous#39;

On the supply-side, OPEC nations have decided to lower their production cuts to 7.7 million barrels per day, from 9.7 million barrels per day. It will ease supply, and it may keep a lid on rising oil prices in the near term.

from Moneycontrol Commodity News https://ift.tt/2PApggD