Brent Tops $40 For The First Time Since March

Brent Crude prices broke above $40 a barrel early on Wednesday, surpassing that threshold for the first time since Saudi Arabia and Russia broke up the previous OPEC+ pact on March 6 and started an oil price war for market share.   Later on Wednesday, oil prices slipped following reports that non-compliant OPEC+ members in the new round of record production cuts could threaten the group’s meeting this month. OPEC+ was said to be considering holding an earlier-than-planned meeting on June 4, instead of on June 9 and 10. But a June 4 meeting…