Countries opec head passed away recently. The memorial was organized taking in to account the current covid crisis. Bijan Zangeneh and Javad Zarif where present. In related oil news, Brent crude held above $36 a barrel on Friday and was on course for another week of gains as additional production cuts by major producers and a decline in US oil inventories eased oversupply concerns. Supporting prices further were hopes of a recovery in fuel demand as countries continue to lift lockdown restrictions.
