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OIL: Focus on The OPEC Meeting

Long
West Texas Intermediate Crude Oil Futures (Continuous futures contract) (BLACKBULL:USOIL.F)  
KlejdiCuni Updated   
BLACKBULL:USOIL.F   West Texas Intermediate Crude Oil Futures (Continuous futures contract)
Trend Analysis Wave Analysis Fundamental Analysis
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OIL: Focus on the OPEC Meeting

OPEC+ is expected to extend the oil production cut in 2024.

It is expected that the upcoming OPEC meeting on Thursday could bring some support to crude oil prices.
The market is anticipating the possibility that OPEC+ may extend the oil production cut in 2024.

The substantial production from non-OPEC countries, notably the United States (US), has added pressure on oil prices.

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