Oil jumps $1.50 as OPEC worries pushed aside ...Middle East

Oil spilled lower today for a brief period before rebounding strongly. WTI is currently up $1.49 to $76.35 after falling as low as $74.86.In focus is this week's planned OPEC+ meeting. Crude stumbled on a report that it could be delayed again but the market began to take a different view when it was reported that the issue continues to be African production baselines. I find that reasoning to be a stretch but not much is coming from the usually-leaky OPEC sources, in part because this is going to be an online meeting.In any case, I tend to think of the price action in the past few days as noise. Ultimately, we will get a decision on OPEC+ (presumably Thursday) and the market can deal with it

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Oil jumps $1.50 as OPEC worries pushed aside ...Middle East

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