Oil futures plunge as OPEC meeting delayed

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On April 6, oil remained the focus on Asia-Pacific markets, despite a surge in equities. Oil futures fell sharply, after a meeting of OPEC and allies to discuss a cut in output was delayed. In March, OPEC-plus talks collapsed when Russia refused to agree on cuts proposed by Saudi Arabia. Crude prices have fallen 50% this year (2020). Shrinking storage options around the world has led to a global glut, pushing prices down even more. US President Donald Trump has signalled he may impose tariffs on oil imports to support domestic producers.



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I pump my Motorcycle 14L already $24SGD (Travel for 200km per fueling) for, 2-3x a mth already $70sgd!... More costly than even a bmw in malaysia. not to mention my petrol drinking cars. Price must be fair since Singapore is a reputable country.

BlastmanDictionary
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Malaysia Current price for 95 is only 1.30rm! $0.40SGD! The Malaysia Government are very honest about oil pricing! But for Singapore 95=$2.09!! nearly 5X more then price of Malaysia! That is crazy! The oil cartels in Singapore must be investigate for not following according to the market! Cars even motorcycles here already heavenly priced, our oil isnt made of gold btw!

BlastmanDictionary
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NEWS FLASH:diaper hat, skirt wearing geniuses in the middle east. THE UNITED STATES DOES NOT HAVE TO PARTICIPATE IN YOUR STUPID LITTLE GAMES ANYMORE. America chooses to trade oil in the world market. WE DON'T HAVE TO.

samuelmcgill-rllb