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OPEC’s JMMC concludes without recommendation on cuts

November 17, 2020 by admin 0 Comments

We will have to wait for the OPEC+ meeting

OPEC+ to make final decision at Nov 30-Dec 1 meeting

That will be an intriguing meeting. WTI has pared much of its losses and is down a few cents to $41.25.

It’s a question of 3 months or 6 months though headlines today suggested the UAE is pushing for full compliance before a decision on the next steps. Meanwhile, Nigeria appears to have been pushing to lift the quotas but Algeria warned them against it.

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This article was originally published by Forexlive.com. Read the original article here.