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OPEC+ is considering an additional output cut of around 1 mbpd - report

It will be an interesting weekend in Vienna as Reuters now reports that the additional cut would be 1 million barrels per day. None of this is a huge surprise and the timing of the leaks before the weekend appears designed to put a squeeze on shorts but that squeeze will reverse on Monday if they don't follow through.With this though, it looks like WTI could close the week above $72. This article was written by Adam Button at www.forexlive.com... Read More

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Opec

Considering

Additional

Output

Around

Mbpd

Report

Forex

Posted: Jun 2 2023, 19:22

Author Name: forexlive

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