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OIL: Focus on The OPEC Meeting

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BLACKBULL:USOIL.F   West Texas Intermediate Crude Oil Futures
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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