OPEC+ left oil consumers in limbo, sticking to its plan of monthly production increases until July but refusing to give any hints about further moves until there’s clear evidence more crude is needed.
opec news
OPEC Meeting Concluded with no Figures, Debate to Continue Friday with Non-OPEC
An OPEC delegate recently crossed the wires announcing that the meeting has concluded and they haven’t decided on the figure of the output cut. The delegate further added that the debate would continue with non-OPEC members on Friday.
Breaking News – Crude Oil Prices Dip on Swelling U.S. Supply – OPEC Output Cuts Loom
U.S. West Texas Intermediate (WTI) crude futures were at $51.30 per barrel at 0023 GMT, down 15 cents, or 0.3 percent from their last settlement.
MCX Crude Oil Tips – Buy on Dips Strong Support @4013 – Neal Bhai Reports
Crude Oil on MCX settled up 0.12% at 4109 supported by expected supply cuts from OPEC but held back by record U.S. production.