Further OPEC+ Production Cuts Could Be Looming
OPEC+ has just issued an open-ended message for oil markets, and some are speculating that further production cuts could be looming
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OPEC+ has just issued an open-ended message for oil markets, and some are speculating that further production cuts could be looming
Oil prices jumped 3% ahead of the OPEC+ meeting on Monday, expectations are that the group will keep production quotas unchanged
After two days of gains, oil prices turned lower early on Friday, weighed down by lingering concerns about recession in major economies and a strong dollar
In what could be a change of tune for crude futures, money managers have started to close out short positions, turning more bullish on oil markets
The new export deal between Russia and Ukraine is a major step towards restoring global wheat supplies, but risks still remain.