OPEC Agrees To 9-Month Extension Of Cuts, Market Shrugs

OPEC Agrees To 9-Month Extension Of Cuts, Market Shrugs

The OPEC headlines started coming in hot and heavy around 4:30 a.m. EST and it looks like this one broke something: Deeper oil-production cuts have been suggested, and member countries indicated flexibility, but not thought necessary, Saudi Oil Minister Khalid Al-Falih says in Vienna before OPEC meeting. When that hit, prices fell. WTI slipped as much as $1.19 to a day-low $50.17 "Market players are disappointed there is unlikely to be surprise in outcome of OPEC and non-OPEC’s meeting
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.