OPEC CARTEL DEAL LEAVES PRODUCTION CUTS IN PLACE
Caution about the pandemic took the upper hand Thursday at a meeting of the OPEC oil cartel and allied countries, as they left most of their production cuts in place amid worry that coronavirus restrictions could still undermine recovering demand for crude. Many analysts had expected a small production increase as the price of oil has risen 30% since the start of the year. Instead, the group opted for caution, and their decision in favor of restraint sent crude oil prices higher.