Oil again began to fall, approaching the lows of March-April.
Reason: The OPEC+ agreement reduces production by ten million barrels. Many experts spoke of an extra 20 million barrels per day in the market. Quarantine in Europe and the United States, the weakening of the quarantine regime will follow no earlier than May 1-15 in different countries. In particular, the heads of state governments in Germany opposed an early exit from quarantine.
There is too much oil in the market. IMF forecast - the global economy will fall by 3% in 2020.
Oil is falling, but do not rush to buy. Buy above recent highs, above $30.
