OPEC+ said to lean towards option of reducing oil output by 100k bpd<p style="" class="text-align-justify">The JMMC meeting seems to be taking a bit longer than expected but if this is the decision, it is a symbolic one. As mentioned at the start of the day, such a move will be bullish for oil prices and we are seeing a reaction already. WTI crude just hit a high of $90.10 on the day, up over 3% at the moment.</p>
This article was written by Justin Low at www.forexlive.com.
Source: OPEC+ said to lean towards option of reducing oil output by 100k bpd (https://www.forexlive.com/news/opec-said-to-lean-towards-option-of-reducing-oil-output-by-100k-bpd-20220905/https://www.forexlive.com/news/opec-said-to-lean-towards-option-of-reducing-oil-output-by-100k-bpd-20220905/)
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