WTI retreats towards $81.00 as hawkish central banks, recession woes battle OPEC+ chatters – by anilpanchal7 Oil WTI RiskAppetite OPEC Recession
portrays the oil market’s indecision amid mixed clues while bracing for the first positive week in five.
That said, Reuters quotes anonymous sources to report that the Organization of the Petroleum Exporting Countries and allies including Russia, known collectively as OPEC+, have started to discuss a potential output cut for the next meeting. Also likely to have favored the oil buyers could be Russia’s readiness to annex more parts of Ukraine.
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