Opening Statement from the April 2021 Dividend Gems

Opening Statement from the April 2021 Dividend Gems

Originally published on April 18, 2021

Oil

After experiencing a monster rally over the past several months, crude oil pricing has finally entered correction territory sparked by several moves from OPEC+.

OPEC+ recently announced some changes to pricing and output noteworthy of mention. Inspired by the recovery progress being made in Asia, OPEC+ raised oil prices for delivery to Asian nations. In contrast, OPEC+ lowered pricing in the U.S. after agreeing to gradually boost output by 1.1 million bbl/day between May and July from cuts announced by Saudi Arabia in January.

Earnings

The