OPEC+ is meeting July 6 and I would have assumed the baseline in the market was for another large 411K output hike but oil dipped after Bloomberg reporting that OPEC is set to weigh another 'super-sized' oil output increase.
For me, this isn't a surprise at all and it would be something of a shock if they don't add 411K bpd. I'd assume the same next month while it's the meeting after that where it could change, depending on oil prices/inventories.
Hence then, the article about opec set to weight another supersized output hike in july 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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