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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (118212)	1/4/2022 10:27:43 AM
From: Goose94	Read Replies (1) of 203567

Crude Oil: WTI and Brent crude futures are steady heading into today’s meeting of the cartel and its allies. Yesterday, Bloomberg News reported that the group’s Joint Technical Committee slashed its first-quarter surplus estimate by 25 per cent to 1.4 million barrels per day, which could be sufficient impetus to proceed with another output hike of 400,000 barrels per day in February. We’ll see if OPEC+ sticks to the language it inserted in last month’s decision, about being prepared to “make immediate adjustments” to production depending on the pandemic. BNN.ca

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