OPEC+ JMMC meeting ends without policy recommendation

No surprise there

The OPEC+ meeting is tomorrow and there is considerable uncertainty about the result. There are undoubtedly members who want to pump more but a Reuters report today saying there was some support for rolling over current output levels has boosted crude prices by 2% today.

There's also the big question about what will happen to Saudi Arabia's 1mbpd voluntary cut.

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