[NEW YORK] Oil prices steadied on Tuesday as high compliance with supply cuts from the Opec+ producer group offset demand fears from the new coronavirus. Read more at The Business Times.
"Expect Opec+ to communicate that they request strict compliance from all members and cheer for the success of the measures to date," said Rystad Energy's Bjornar Tonhaugen.
The United States and Brazil are the biggest drivers of the Covid-19 case count in the Americas, Etienne added. The US Congress has so far failed to agree on another fiscal relief package to stem economic fallout from the pandemic.
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