Major oil producers may withdraw again - CommerzbankThe price of a barrel of Brent crude temporarily traded at just over $80, close to the perceived 'pain threshold' of the OPEC+ production cartel: At this price level, the cartel had decided in the past to cut production in order to stabilise the market, Commerzbank's commodity analyst Barbara Lambrecht notes.
Source: Major oil producers may withdraw again - Commerzbank (https://www.fxstreet.com/news/major-oil-producers-may-withdraw-again-commerzbank-202407261522)