OPEC+ set to stay the course as it awaits clarity on Russia shut-ins, China lockdowns

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Dated Brent prices in April vacillated between $98/b-$108/b, as traders struggled to weigh the evolving western sanctions on Russia against weakening oil demand in China, where the coronavirus is resurgent. For OPEC and its Russia-led allies, however, there is no wavering in their conviction on how to manage crude supply. Several delegates say the OPEC+ coalition is likely to rubber…