4/5, 7:59 AM (Source: TeleTrader)
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Crude slides 1% after output cut decision

Prices of crude futures decreased by 1% on Monday following the OPEC+ ministers' decision to gradually ease the production cuts in May, June, and July.

Due to Easter, most of the major stock markets around the world were closed on Friday, while Europe, mainland China, and Hong Kong will remain closed today as well.

West Texas Intermediate (WTI) for May declined by 0.91% to go for $60.89 per barrel at 1:47 am ET, while Brent for settlements in June lost 1.14% to sell for $64.14 per barrel a minute later.

Breaking the News / BU