BRENT CRUDE OIL (LCOc1) TALKING POINTSDetails around hefty 2MMbbls/d production cut from OPEC+.No signs of Fed pivot just yet.
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The news out of the meeting of the oil group:That 2mn number is misleading, though, as ANZ point out:the OPEC+ alliance agreed to cut current production quotas by 2mb/d. However, the group will...
WTI, OPEC+ – Talking PointsOPEC+ agrees to cut oil production by 2 mln barrels per dayWTI rallies into key trendline resistance, 50-day moving averageWhite House extremely disappointed with OPEC “alignment with Russia”
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Reuters citing a 'source familiar with the matter' says that the US is pushing OPEC+ nations not to proceed with an oil output cut. Arguing that economic fundamentals do not support a cut.---It...
OIL PRICES FORECASTOil prices blast higher on reports that OPEC+ will deliver a substantial output cut this week to support the marketWTI and Brent’s near-term outlook appears to be improving following the steep...
(Bloomberg) — OPEC+ will consider cutting oil output by more than 1 million barrels a day, according to delegates, when it meets in person on Wednesday for the first time in more than...
