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OPEC meeting preview: No change expected, crude likely to remain under pressure

From cityindex.com

Oil prices are like the heartbeats of the global economy, constantly pulsing with each new data point and geopolitical event. As the world waits for the outcome of the OPEC meeting, traders and analysts alike are monitoring the oil market like a clinician monitors a patient's vital signs. The Organization of the Petroleum Exporting Countries (OPEC) is scheduled to meet on February 1st, 2023 in Vienna, Austria. The Joint Ministerial Monitoring Committee (JMMC) will also convene during the meeting, which will focus on the organization's current production policies and the state of the global oil market. According to ... (full story)

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  • Category: Fundamental Analysis