The U.S Oil price broke above $40 for the first time this year

Affected by the US exchange rate going down, The investment attractiveness of oil is improved, and the international oil price continued its rising trend, broke above $40 for the first time on March 17th.

On March 16th, Qatar officer expressed that there will be a meeting between the OPEC countries and non-OPEC countries on April 17th to talking about the oil output freeze what will support the oil price to some extent.

Some Analysts said the market's move above the $40 per barrel really signaled a potential new phase of positive sentiment, regardless of the underlying fundamentals.

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