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<p>A couple of items from weekend news for oil:</p><ul><li><a href="https://www.forexlive.com/news/opec-holds-production-unchanged-as-expected-20221204/" rel="follow" target="_self" class="article-link vertical-align-baseline">OPEC+ holds production unchanged, as expected</a></li></ul><ul><li><a href="https://www.forexlive.com/news/s-novak-says-will-not-sell-oil-to-prioce-cap-nations-womp-womp-20221204/" rel="follow" target="_self" class="article-link vertical-align-baseline">'s Novak says will not sell oil to price cap nations. Womp womp.</a></li></ul><p>And, not ignoring further China reopening moves. If demand picks up in China oil will head much higher. Not there yet, but moving that way:</p><ul><li><a href="https://www.forexlive.com/news/beijing-and-shenzhen-have-loosened-more-covid-19-restrictions-20221203/" rel="follow" target="_self" class="article-link vertical-align-baseline">Beijing an</a><a href="https://www.forexlive.com/news/beijing-and-shenzhen-have-loosened-more-covid-19-restrictions-20221203/" rel="follow" target="_self" class="article-link vertical-align-baseline">d Shenzhen have loosened more Covid-19 restrictions</a></li></ul><p>Oil trade is open for the week:</p>

                This article was written by Eamonn Sheridan at forexlive.com.