The Opec meeting is currently under way in Vienna with the market contemplating whether an agreement to reintroduce a production ceiling can be made. With the price hovering around $50 Opec will do best in doing little to rock the boat at this stage. Later on today the (delayed) weekly US inventory from the EIA will also attract attention.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/opec-meeting-and-inventories-busy-day-in-the-oil-market-7711783?utm_medium=tf4-feed&utm_source=extract
Opec meeting and inventories – busy day in the oil market
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