OPEC+ considers output cut of as much as 2 million barrels per day

  • Another bullish oil headline

The OPEC+ meeting is tomorrow and it's like a reverse at this point. We started a week ago with rumors of 500,000 barrels per day and it continues to climb.

There's a strong signal that OPEC wants +$80 oil. They believe not enough money is being invested/made to supply the world; or they've had a taste of $100 oil and like it.

Oil has jumped again.

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