- OPEC+ to discuss 500K bpd hike a month over 3 months
The market reaction has been negligible to this latest report.
The oil market had a nice week last week, but all the gains were given back in just two days. OPEC+ did a great job in keeping oil prices stable in the last few years with pretty low volatility.
More recently, we've been stuck in a range between the 61,80 low and the 66.00 high. Market participants will likely continue to play the range until we get a breakout on either side.
WTI crude oil daily chart
