OPEC+ is considering an additional output cut of around 1 mbpd - report

  • 1 mbpd cut is 'among possible options'

It will be an interesting weekend in Vienna as Reuters now reports that the additional cut would be 1 million barrels per day. None of this is a huge surprise and the timing of the leaks before the weekend appears designed to put a squeeze on shorts but that squeeze will reverse on Monday if they don't follow through.

With this though, it looks like WTI could close the week above $72.

Top Brokers

Sponsored

General Risk Warning