Citing sources familiar with the matter, Reuters reported on Thursday that the OPEC+ group will likely discuss pausing the oil output hike for January among its options.
OPEC+ will announce its supply policy following the meeting on Thursday.
Market reaction
Crude oil prices continue to edge higher on Thursday as investors continue to unwind their positions ahead of the OPEC+ decision on output strategy. As of writing, the barrel of West Texas Intermediate (WTI) was up 2.2% on a daily basis at $67.15.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now