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WTI slumps after Mexico rejects OPEC+ deal, G20 Energy Summit eyed

1 month ago   |   By FXCM

WTI settles the week 18% lower as OPEC+ deal gets delayed.
Mexico rejects 10 million bpd output cuts agreed by OPEC+.
Day 2 of OPEC+ meeting and G20 Energy Summit in focus.
After witnessing a solid recovery in the final week of March, WTI resumed its bearish trend and lost nearly 18% this Easter holiday-shortened week.
The black gold had a wild ride over the past week, having hit a weekly high at 28.36 while the lowest level in the week was reached at 22.60. The speculations surrounding a likely OPEC and non-OPEC producers output cuts deal and Russia's participation in the global oil pact...
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