Oil drops as OPEC agrees on massive oil supply cut to offset virus impact; awaits Russia’s approval

OPEC has agreed to impose a deeper round of production cuts in order to support oil prices, paving the way for crunch talks with non-OPEC leader Russia, who still has to agree to the plan.

Read more at https://www.cnbc.com/2020/03/05/opec-meets-to-decide-whether-to-cut-output-as-coronavirus-hits-demand.html