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Prince Abdulaziz bin Salman, King Salman's son, is the Saudi energy minister Reuters reports on comments from the minister rejecting claims made by Russia that Saudi Arabia withdrew from a deal to cut output last month:

<p>According to the CFTC Commitments of Traders report for the week ended March 31, NET LENGTH for crude oil futures dropped -905 contracts to 435 108 for the week. Speculative long positions rose +46 031 contracts while shorts jumped +46 936 contracts. Bets for higher crude oil prices could increase in the coming week. Donald […]

<p>As suggested in the CFTC Commitments of Traders report in the week ended March 31, NET LENGTH in USD Index gained +1 545 contracts to 14 065. Speculative long positions added +496 contracts and short positions dropped -1 049 contracts. Concerning European currencies, NET LENGTH in EUR futures jumped +12 957 contracts to 74 247. […]

<p>U.S. Review An Unprecedented Time Data this week began to show just how large the coronavirusrelated impact on the economy will be. Efforts to contain the virus are leading to millions of job losses and it’s likely only a matter of time before a majority of economic data reveal unprecedented declines. Employers reported payrolls decl

<p>U.S. Highlights U.S. stock markets recorded their worst performance since the financial crisis in the first quarter, with the S&#38;P 500 and the Dow Jones falling 20% and 23%, respectively. Confirmed coronavirus cases now stand in excess of one million globally and have breached the 200k mark in the U.S. For context, there are now [&h

<p>Next week brings some of the most current data on how Canada performed in the early days of the coronavirus crisis. The week kicks off with the latest edition of the Bank of Canada’s quarterly Business Outlook Survey. The BOS is always an important read on economic conditions ahead of the bank’s quarterly forecast update, […]

<p>While the coronavirus continues to infect at an alarming rate, a new focus has emerged which is also helping steer the markets: Crude Oil.  Theoretical tweets by US President Trump regarding oil supply cutbacks forced Saudi Arabia to show its hand and call for an emergency OPEC+ meeting to ask for all to contribute to […]

<p>It has been a long time coming, but on Monday OPEC and Russia will finally start discussing how to balance out falling oil prices. The evaporating demand caused by the coronavirus was further exacerbated by Russia and Saudi Arabia’s spat over production levels eventually leading to a 60% drop in prices this year. Despite its […]

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<p>The Central Bank of China decided to lower reserve requirement ratio for small and medium-sized commercial banks unlocking about 400 billion yuan ($56.38 billion) of liquidity to shore up the economy damaged by costly lockdowns.</p> <p>The People’s Bank of China said on its website that it would reduce the required reserve rati