OPEC+ likely to hold production steady at this week's meeting, doesn't want a cut<p>Wall Street Journal citing "unnamed people familiar with the matter".</p><ul><li>it is likely OPEC+ will keep its output steady when it meets Monday</li><li> is concerned that a production cut would signal to oil buyers that crude supply is outstripping global demand</li><li>Moscow is more concerned about maintaining influence in negotiations with Asian buyers who bought its crude after Europeans and the U.S. began shunning it this year, the people said</li></ul><p>---</p><p>At the margin this is an oil-price positive. </p><p>As I noted earlier it's a US holiday on Monday, this will shut markets. Energy futures markets will open Sunday evening for screen trade though, opening at 5pm US Central Time (2200 GMT) </p>
This article was written by Eamonn Sheridan at www.forexlive.com.
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