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OPEC to delay oil output hike until April

  • December 5, 2024
  • -FCHFX

December 05, 2024 at 11:39AM
Reuters with the headline, citing a source on the matter. Well, this is as anticipated following the numerous reports since earlier this week and then the supposed agreement here prior to the meeting. WTI crude is up 0.4% to $68.90 but overall movement has been rather minimal so far on the day.

Going back to the decision, the bloc is to unwind output cuts gradually after Q1 next year all the way through until 2026.

This article was written by Justin Low at www.forexlive.com.

OPEC to delay oil output hike until April
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