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OPEC+ said to lean towards option of reducing oil output by 100k bpd

Started by forex4you, Sep 05, 2022, 08:38 pm

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forex4you

Sep 05, 2022, 08:38 pm
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

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