Crude :
Opec+ all set to meet on Monday to cut 10 to 15 million barrels a day. However the situation is all about US, RUSSIA, SAUDI.
it seems if we two will cut, Russia might cut. So far Russia has not even confirmed his attendance during the meet. No concrete information so far. It could be the same scenario like last time when Russia denied during the meet and here we are with 20 dollars a Barrel.
Never forget that China is on track while whole world is struggling and it's a big buyer for Russian black gold.
Also don't forget that US sanctioned rosneft.
This is crude politics. Right now it is 27+ dollar on WTI, amid news and speculation.
Even if the cut is agreed and implemented tha could take the prices back to 50 dollars and then you have to discount 20 percent for pandemic.
So no way 50 is possible. May be 35 to 40 or even 30 best case scenario.
Just calculate what is favoured in current prices that is 27.