OPEC+ JMMC recommends cutting oil output targets by 100K bpd in October – Reuters

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]

Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries and allies including Russia, known collectively as OPEC+, has recommended cutting oil output targets by 100,000 barrels per day in October, Reuters reported on Monday, citing sources.

Crude oil prices edged higher on this headline. As of writing, the barrel of West Texas Intermediate (WTI) was trading at $89.90, where it was up 3.3% on a daily basis. Similarly, the barrel of Brent was rising 3.4% on the day at $96.50.

[/s2If]
Join Our Telegram Group