SEEKING ALPHA reports:

Crude oil prices rise modestly following reports that OPEC+ has decided to reduce production by 2M bbl/day, the group’s biggest cut since 2020.

November Nymex crude (CL1:COM) +1% at $87.40/bbl; November Brent crude (CO1:COM) +1.1% at $92.81/bbl.

Stock futures add to earlier pre-market losses: Dow Jones -1.1%, S&P -1.2%, Nasdaq -1.3%…

To read the full post, please click here (free reg. is required).

Reuters also reported that “OPEC+ agreed the biggest cut to oil production since the 2020 Covid pandemic at a Vienna meeting on Wednesday, curbing supply in an already tight ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.