OPEC Plan for Oil Output Disappoints Traders: Live Updates

OPEC Plan for Oil Output Disappoints Traders: Live Updates

Another Attempt to Reach an Oil Deal: Live Updates. Nationalism is playing a big role in the global battle against coronavirus.. Talks to finalize an ambitious but tentative deal to stabilize oil markets from the ravages of the coronavirus pandemic are expected to resume on Friday as energy ministers from the Group of 20 nations hold a teleconference.. Oil markets were closed on Friday for the Good Friday holiday.. Price data released on Friday offered a further glimpse of how bad the numbers may be.. The figure marked an accelerated drop from February, when it fell 0.4 percent, as much of the country shut down in an effort to contain the outbreak.. The Consumer Price Index fell to 4.3 percent as government efforts to control price increases took effect.. Markets in the Asia-Pacific region ended mixed on Friday, as the Good Friday holiday created a rare muted session after weeks of whipsaw trading.. Markets in the United States and many European markets were closed on Friday for the holiday.. The cuts may not be enough to reassure oil markets or soothe concerns about the fate of countries where the economy depends heavily on petroleum production.. Prices on oil futures markets