The market has largely baked in a repeat of the large OPEC+ output cuts to be announced in each of the next two months. The next meeting is July 6 and a source familiar says Russia is open to supporting a further boost if the group deems it necessary.
At this point, the market is more mulling over price (post Israel-Iran) and output for October and beyond.
WTI crude was last up 73-cents to $65.09.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about russia is open to another opec output hike next month report was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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