OPEC +

[Fraser921]

today is the day...

Oil looks firm pre market, speculators liquidated long positions going into meeting.
If 80 is hit, look for speculators to pour back in.
I don't think opec shoots itself in the foot. They will extend the cut and perhaps add to it

[dan_s]

Reuters reported that OPEC+ has reached a preliminary agreement for an additional output cut of more than 1M bpd.

The update comes ahead of the formal OPEC+ meeting set for later today.