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What Have OPEC+ Producers Said Ahead of June Oil Policy Meeting?

From money.usnews.com

Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place this weekend. Brent crude and U.S. West Texas Intermediate (WTI) futures ended last week over 1.5% higher, but fell by over 1% at 1047 GMT on Tuesday. OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and other allies, surprised the market on April 2 with further output cuts that pushed up the price of oil. The group meets on June 4 in Vienna to discuss whether or not to further curtail production. Here is what OPEC+ producers have ... (full story)

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  • Category: Fundamental Analysis