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QP - The Week in Crude Oil Markets - February 10, 2020



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Prompt WTI futures struggled to tread water just above $50/bbl last Friday after Russia said it would need more time to formulate its position vis-à-vis the proposed 600,000 bbl/d of additional OPEC+ production cuts. The coronavirus outbreak in China has led to a major reassessment of global supply/demand fundamentals, with all eyes now on OPEC and allied non-OPEC countries to manage deteriorating physical market conditions. Even before the deadly coronavirus outbreak, early 2020 was......
 
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