Oil prices plunge again

For oil-exporting countries, especially African ones, this is a new disappointment. Despite continued discussions, the Opec member countries and Russia have not been able to agree on production cuts. As a result, the price of black gold plunged once again in the first trades on Monday, April 6: a barrel of North Sea Brent thus fell by 3.1% to $33.04, while the American WTI fell by 5.3% to $26.90. A cold shower after last weekend’s hopeful tweets from the US President, which hinted at a possible way out of the current crisis. Prices had then rebounded sharply after hitting an 18-year low.