Prepare For Major Oil Market Consolidation

COVID-19 Market Update Brent crude gained over 1% Thursday, which--dull as it sounds--was its highest level since March. The bump came as US inventories lessen and OPEC cuts production, while governments are starting to ease COVID-19 restrictions and reopen parts of the economy helping to put demand on the recovery path. WTI gained 1.28% Thursday. But on Friday, a new panic set in after China declined to publish its annual economic growth targets, sending oil prices 6% down in the early Friday hours. (Check out the Oilprice.com homepage for live…