Crude oil trades at $37.72 up 3.88% on the day
He adds:
- Production freeze until the end of 2016 will be proposed at April meeting
The price of oil has rebounded in trading today, helped by more favorable inventory data and expectations for action at the OPEC and non-OPEC meeting scheduled for Doha on April 17th. The high today extended to $38.07. The high last week - and for the year - came in at $38.99.