April 2020 was a historic month for financial markets as oil prices traded in the negative territory for the first time ever. The demand was practically non-existent in April, which led to OPEC+ countries cutting production to its lowest levels in 30 years. Historically low production from OPEC+ members Crude oil prices are having a pretty bad year so far with the 2020 highs printed in the first week of January. Since then, oil prices have practically gone lower in a vertical fashion. In April, prices went below $0 for the first time ever, which was then followed by a
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