The alliance of 23 oil-producing countries will meet on Sunday, June 4th, to decide how much oil they’ll pump out into the world.

Fasten your seatbelts because the next few days could be wild for oil markets.

Oil traders have been kept on their toes all day Thursday. Markets had a lot of new information to digest, resulting in oil prices being whipped about over the past few hours.  

A sense of caution has taken hold of financial markets as investors evaluate the prospects of more sanctions on Russia for the alleged destruction in Bucha.