Reality Gap of the Week
April 13, 2020 at 13:32 PM EDT
The OPEC oil cartel and other oil-producing countries, mainly Russia, spent most of last week hashing out a deal to cut oil production and put an end to oil's 60% price drop. Under the so-called OPEC+ umbrella, the group finally agreed to a deal over the weekend. Oil futures shot up, but fell back before trading Monday. Oil opened up, but then fell. That's because there's a huge Reality Gap between what the oil deal needed to do, and what it actually entails. Here's D.R. with the details... Tags: Oil To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Reality Gap of the Week appeared first on Money Morning - We Make Investing Profitable .