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OPEC+ is close to delaying the planned supply hike – report
globalreutersSeptember 4, 20241 Mins read It’s bizarre to me that OPEC+ would leak the plan to bring back barrels in October just on Friday and now it’s completely reversing that after a $5 drop in oil prices.
Now Bloomberg reports — citing a delegate — that OPEC+ is close to delaying the supply hike.
The chart doesn’t look great but there is support at the December low of $67.71.
This article was written by Adam Button at www.forexlive.com.
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