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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (109671)	7/2/2021 1:30:07 PM
From: Goose94	Read Replies (1) \| Respond to of 203421

Crude Oil: The OPEC+ meeting resulted in some unexpected 11th-hour drama, delaying a decision that was expected on Thursday. Oil prices slipped on the news. But the outcome could still be a bullish one. The size of the proposed production increase was lower than most analysts had expected, coming in at an average monthly addition of 400,000 bpd, whereas expectations had been for 500,000 bpd. But there is also a possibility that OPEC+ might not add any barrels to production. The group meets again on Friday. The UAE delayed a deal as it demanded a higher production quota. “Negotiations today will be difficult as OPEC+ knows that if the UAE is allowed to produce from a different base, other members may protest,” Rystad Energy said in a note.