Opec won't agree to an output freeze – here's why

The verbal intervention which initially came from weaker Opec members got a strong boost when Saudi Arabia's energy minister joined in last Thursday. The 15% rally seen since then has helped reduce a growing short position in the futures market and once again forced a change in sentiment despite oversupply and a challenging September ahead.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/opec-wont-agree-to-an-output-freeze-heres-why-7994560?utm_medium=tf4-feed&utm_source=extract