OPEC Sought to Maintain Output Cut for Full 2018. Russia Requested to Review in June

Posted December 1st, 2017 by zeldamccurdy622 and filed in General News

Crude oil prices jumped as there are signs that OPEC/ non-OPEC would extend the output cut deal to the end of 2018. The front-month WTI crude oil added +0.17% while the Brent contract rose +0.73% for the day. The price gains were not strong as the final deal would be reviewed in June as a compromise to Russia’s request. Therefore, any output cut after expiration of the existing deal in March 2018 is not guaranteed.

Originally posted here: 
OPEC Sought to Maintain Output Cut for Full 2018. Russia Requested to Review in June

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