Monday morning brought an interesting start to the week with Brent crude futures surging to almost $90/barrel, as OPEC+ considers a production cut of over 1 million barrels because of growing worries for an economic slowdown.
OPEC+ is scheduled to meet on Wednesday, for the first time in more than two years. The decision won’t be made until then.
Silver, on the other hand, doesn’t seem too concerned about a slowdown in economic growth as it rose over 2% on Monday morning, to a high of $19.51.