Breaking.
Reuters cites 3 sources saying that OPEC+ will debate an additional oil production cut among possible options at Sunday’s meeting. The report doesn’t say what the other options are, but are presumably to keep with the plan and expect balances to tighten in H2.
That said, this headline may be designed to squeeze oil shorts into the weekend.
This article was originally published by Forexlive.com. Read the original article here.