OPEC+ was supposed to be done with output hikes but this report is going against those expectations. Oil prices of course spiked to the downside but have recovered some of the losses.
Such surprises generally trigger much bigger and lasting moves, so the current price action seems to be suggesting that this isn't a big deal for the market as the focus might still be on demand with the Fed looking to cut into a rebounding economy.
Hence then, the article about opec to consider another output hike at sunday meeting 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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