OPEC Agrees To Extend Production Cuts To End Of 2018

OPEC Agrees To Extend Production Cuts To End Of 2018

Update: WTI has whipsawed, as expected but is now materially lower following the morning rally to $58 which came ahead of the leak that the cuts had indeed been extended: Here are the bullet point details via Bloomberg... OPEC reached deal with non-OPEC partners to extend oil production cuts until end of 2018 at meeting in Vienna Thursday Analysts had previously predicted an extension; a survey showed 9 months as the most likely duration, measured from end of March 2018 Thursday’s 
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One thought on “OPEC Agrees To Extend Production Cuts To End Of 2018

  1. Same kind of reverse expectation earlier this year when Russia said they wouldn’t agree to cuts. As always, best to just ride the wave until the announcement and get out while ahead.

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