OPEC+ may lean towards oil output cuts when and if Iranian production returns – Reuters – by eren_fxstreet OPEC Oil WTI
On Monday, Saudi Arabia's energy minister told Bloomberg that OPEC+ may be compelled to reduce oil production, as the physical and futures markets get increasingly strayed away from fundamentals.continued to push higher on this headline. As of writing, the barrel of West Texas Intermediate was trading at $93.75, where it was up 3.6% on a daily basis.
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